FastPaced Inc. had sales of $115 million in 2019 and is expected to have sales of $160.93
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Question:
FastPaced Inc. had sales of $115 million in 2019 and is expected to have sales of $160.93 million for 2020. The company's net profit margin was 3.1% in 2019 and is expected to increase to 6.2% by 2020. Estimate the company's net profit for 2020.
The company's estimated net profit for 2020 is $_____ (Round to the nearest dollar)
Related Book For
Intermediate Accounting IFRS
ISBN: 978-1119372936
3rd edition
Authors: Donald E. Kieso, Jerry J. Weygandt, Terry D. Warfield
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