Question: can anyone show me how to work through this type of problem? INCOME STATEMENT Edmonds Industries is torecasting the following income statement: Sal es Operatino

can anyone show me how to work through this type of problem?
INCOME STATEMENT Edmonds Industries is torecasting the following income statement: Sal es Operatino costs excluding depreciation & amortization4,400,000 EBITDA Depreciation and amortization EBIT Interest $8,000,000 $3,600,000 720,000 $2,830,000 720,000 Taxes (40%) Net income The CEO would like to see higher sales and a forecasted net income of $1,879,200. Assume that operating costs excluding depreciation and amortization are 55% of sales and that depreciation and amort zation and interest expenses increase by 7% The tax rate wh ch s 40% wil remain the same. Note that while the tax rate remains constant, the taxes paid wl change what level of sales would generate $1,879,200 n net income? t necessary, round your answer to the nearest dollar at the end of the calculations. 164,000 1,296,000 02400
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