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  3. target profit refer again to the income statements

Target Profit Refer again to the income statements for Cover-to-Cover Company and Biblio Files Company...

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Accounting

Target Profit Refer again to the income statements for Cover-to-Cover Company and Biblio Files Company on their respective Income Statement. Note that both companies have the same sales and net income. Answer questions (1) - (3) that follow, assuming that all data for the coming year is the same as the current year, except for the amount of sales.

1. If Biblio Files Company wants to increase its profit by $40,000 in the coming year, what must their amount of sales be? $

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