Tom and sue want the company to earn a net income of 2.250 million in 2016

/view.php?id-1017648 in millions of dollars) Net sales Less Cost of goods sold Gross profits $16 500 9.400 Less Other operating expenses Earnings before interest, taxes, depreciation, and amortization (EBITDA) 6.200 Less Depreciation Earnings betore interest and taxes (EBIT) Less Interest Earnings betore taxes (EBT) Less Taxes Net income 3.300 2.350 -0705 The CEO of Tom and Sue s wants the company to earn a net income of S2.2 to earn a net income of $2 250 million in 2016 Cost of goods sold is expected to be 60 percent of net sales, depreciation and other operating expenses are not expected to chang nullion and the firm's tax rate will be 30 percent Calculate the net sales needed to produce net incouue of $2 250 million e, interest espese w espectred to increase to Si Submission status