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The break-even point in sales for Rice Company is $400,000, and the company's contribution margin ratio is 20%. Its income tax rate is 20%. If
The break-even point in sales for Rice Company is $400,000, and the company's contribution margin ratio is 20%. Its income tax rate is 20%. If Rice Company desires an after-tax operating profit of $100,000, what would total sales have to be? Select one: a. Cannot be determined without additional information b. $1,060,000 c. $1,025,000 d. $1,050,360
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