QUESTION 15 Anita Lupino is planning to open her own toy and game shop. She has conducted a great deal of research at the local library, contacted the industry trade association, and has set up a meeting with a consultant at the SBDC next week. Before she goes to the SBDC, she wants to sketch out an estimated income statement. She reviews the following data: Costs of goods sold 35 percent of net sales Operating expenses 25 percent of net sales Gross profit 65 percent of net sales If Anita's net profit target is $75,000, what level of net sales must she achieve? O $30,000 $48,750 O $115,385 O $187.500