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The Sherman Company reported the folfowving income statement in 2022 . The CEO is very disappointed with these numbers and would like to see higher

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The Sherman Company reported the folfowving income statement in 2022 . The CEO is very disappointed with these numbers and would like to see higher sales and a net income of $1,320,000 in 2023. Assume that in 2023, operating costs (excluding depreciation and amortization) will remain 70% of sales. Also assume that depreciation and amortization and interest expenses will remain constant at 2022 levels. (The tax rate, which is 25%, will remain the same. Note that while the tax rate remains constant, the taxes paid will change.) What level of sales in 2023 would generate $1,320,000 in net income

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