Evaluate what is the sales revenue

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Problem 1: A manufacturing firm's Income Statement shows Cost of Sales of $50,000, Administrative Expenses of $20,000, Rental Expenses of $5,000, Interest Revenue of $20,000, Interest Expense of $15,000, and Net Income after Taxes of $60,000. Assuming there are no other items to be considered and that the Income Taxes are 25% of Net Income Before Taxes, what is the Sales Revenue?

Hint: Please write down a representative income statement (you can refer to Walmart income statement), start from the bottom (i.e., net income after taxes), and work your way up in the income statement.

Option 1: $145,000

Option 2: $80,000

Option 3: $150,000

Option 4: $75,000

Reference no: EM132614913

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