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Use this income statement to answer the following questions. Sales ($50 per unit) $7,500 Less: Cost of goods sold ($32 per unit) 4,800 Gross margin

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Use this income statement to answer the following questions. Sales ($50 per unit) $7,500 Less: Cost of goods sold ($32 per unit) 4,800 Gross margin 2,700 Less operating expenses: Salaries $800 Advertising 400 Shipping ($2 per unit) 300 1,500 Operating Income $1,200 (a) Your answer is correct. How many units would the company need to sell to earn $2,640 in operating income? (Round answer to the nearest whole units.) Units required to meet target operating income 240 units Units required to meet target operating income 240 units eTextbook and Media Assistance Used Attempts: 1 of 3 used (b) How many units would the company need to sell to earn $1,260 in net income if the tax rate is 25%? (Round answer to the nearest whole units.) Units required to meet target units e Textbook and Media Save for Later Attempts: 0 of 3 used Submit

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