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What is the best estimate of what kamili company net income

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Question - Kamili Company reported the following income statement items for Year 1:

Sales: $100,00

Gross Profit: 45,000

Operating income: 15,00

Net income: 8,000

Additional data available to the management of Kamili Company indicate that cost of goods sold includes $25,000 in fixed costs. In addition, selling and administrative expense includes $20,000 in fixed costs. Note: Kamili Company has NO income taxes; Kamili Company is located ina country where the income tax rate is )%. What is the best estimate of what Kamili Company's NET INCOME would be if the Sales amount were to grow to $120,000?

Reference no: EM131646316

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