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The Income Statement for J.White Company shows Cost of Sales of $60,000,Administrative Expenses of $30,000, Rental Expenses of $10,000, Interest Revenue of $20,000, Interest Expense
The Income Statement for J.White Company shows Cost of Sales of $60,000,Administrative Expenses of $30,000, Rental Expenses of $10,000, Interest Revenue of $20,000, Interest Expense of $15,000, and Net Income after Taxes of $60,000. Assuming there are no other items to be considered and that the Income Taxes are 25% of Net Income before Taxes, what is sales revenue?
$150,000
$125,000
$175,000
$180,000
$160,000
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