Refer to the income statements for Cover-to-Cover Company and Biblio Files Company on their respective Income Stayement panels. Note that both companies have the same sales and net income. Answer questions assuming that all data for the year is the same as the current year, execpt for the amount of sales.

Refer again to the income statements for Cover-to-Cover Company and Biblio Files Company on their respective Income Statement panels, Note that both companies have the same sales and net inco Answer questions (1)-(3) that follow, assuming that all data for the coming year is the same as the current year, except for the amount of sales 1. If Cover-to-Cover Company wants to increase its profit by $40,000 in the coming year, what must their amount of sales be? $306,000X Points:0/1 Check My Work between the two companies, including the diferences in elements of the target profit formula 2. If Biblio Files Company wants to increase its profit by $40,000 in the coming year, what must their amount of sales be? $506,771 K Points:0/ Feedback Check My Work Examine the differences between the two companies, including the diferences in elements of the target profit formula k My Work 2 more Check My Work uses remaining. All work saved Score: 94.91%