Question: Edmonds Industries is forecasting the following income statement: table [ [ Sales , $ 1 1 , 0 0 0 , 0 0 0

Edmonds Industries is forecasting the following income statement:
\table[[Sales,$11,000,000],[Operating costs excluding depreciation & amertization,],[EBrrDA,$4,050,000],[Depreciation and amortization,650,000],[,$4,290,000],[Interest,$80,000],[EBT,$3,410,000],[Taxes (25%),852,500],[Net income,$2,557,500]]
that while the tax rate remains constant, the taxes paid will change.) What level of sales would generate $4,880,000 in net income? Reund your answer to the nearest dollse, if necessary.
 Edmonds Industries is forecasting the following income statement: \table[[Sales,$11,000,000],[Operating costs excluding

Step by Step Solution

There are 3 Steps involved in it

1 Expert Approved Answer
Step: 1 Unlock blur-text-image
Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock
Step: 3 Unlock

Students Have Also Explored These Related Finance Questions!