Business

28 May, 02:44

A company's tax rate is 30% and its interest expense is $60,000. In addition, its cost of goods sold is 60% of sales and its depreciation and amortization expenses are $55,000, what must the company's sales be for it to have $300,000 of net income?

A) $1,843,543

B) $1,602,857

c) $1,358,929

D) $1,651,774

E) $1,403,730

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