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Listed below is the income statement for Tom and Sue Travels, Incorporated. The CEO of...

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Finance

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Listed below is the income statement for Tom and Sue Travels, Incorporated. The CEO of Tom and Sue's wants the company to earn a net income of $2.850 million. Cost of goods sold is expected to be 50 percent of net sales, depreciation and other operating expenses are not expected to change, interest expense is expected to increase to $1.271 million, and the firm's tax rate will be 21 percent. Calculate the net sales needed to produce net income of $2.850 million. Note: Enter your answer in millions of dollars rounded to 3 decimal places. (i.e., Enter 5,500,000 as 5.500.)

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