The CEO would like to see higher sales and a forecasted net income of $1,650,000....
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Accounting
The CEO would like to see higher sales and a forecasted net income of $1,650,000. Assume that operating costs (excluding depreciation and amortization) are 55% of sales and that depreciation and amortization and interest expenses will increase by 7%. The tax rate, which is 25%, will remain the same. (Note that while the tax rate remains constant, the taxes paid will change.) What level of sales would generate $1,650,000 in net income? Round your answer to the nearest dollar, if necessary
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