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Question: If Bridgeports net assets are $45,000,000, what amount of revenue must be achieved for Bridgeport to earn a 10% after-tax return on assets? Exercise
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If Bridgeports net assets are $45,000,000, what amount of revenue must be achieved for Bridgeport to earn a 10% after-tax return on assets?
Exercise 3.29 (Part Level Submission) Bridgeport Company, which is subject to a 40% income tax rate, projected its income before taxes for next year as shown here: Sales (200,000 units) $10,000,000 Cost of sales Variable costs 2,500,000 Fixed costs 3,750,000 Pretax earning $3,750,000 (a) Your answer is correctStep by Step Solution
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