Calculate the Sales from the information given: Cost of goods sold is $38,000 Net income is $14,625 Depreciation is $5,000 Interest paid is $3,500 Tax rate is 35% a. $65,500 b. $51,619 c. $69,000 d. $64,000

FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
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Calculate the Sales from the information given:
Cost of goods sold is $38,000
Net income is $14,625
Depreciation is $5,000
Interest paid is $3,500
Tax rate is 35%
a. $65,500
b. $51,619
c. $69,000
d. $64,000
Transcribed Image Text:Calculate the Sales from the information given: Cost of goods sold is $38,000 Net income is $14,625 Depreciation is $5,000 Interest paid is $3,500 Tax rate is 35% a. $65,500 b. $51,619 c. $69,000 d. $64,000
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