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Sheridan Company has fixed costs of $1000000 and variable costs are 20% of sales. What are the required sales if Sheridan desires net income of

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Sheridan Company has fixed costs of $1000000 and variable costs are 20% of sales. What are the required sales if Sheridan desires net income of $300000? O $1250000 O $1625000 $5000000 O $6500000

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