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Calculate the net sales needed to produce net income

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Problem1 : The manager of ABC Inc. targets to earn a net income of $6.5 in 2020. Firm's tax rate will be 30 percent, interest expense is expected to increase to $2.2, depreciation expense is $5.8, and the cost of goods sold is expected to be 60 percent of net sales. Calculate the net sales needed to produce net income of $6.5.

Reference no: EM132773674

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