Presented below is Oxford Ltd.'s partial income statement for 20x5: Item Amount Sales (39,800 units) $865,000 Variable costs (376,000) Contribution Margin Fixed Expenses (194,000) Operating Income Income tax expense 40% of net income Net Income How many units must Oxford Ltd. sell in order to generate net income equal to $291,000?
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Presented below is Oxford Ltd.'s partial income statement for 20x5:
| Item | Amount |
| Sales (39,800 units) | $865,000 |
| Variable costs | (376,000) |
| Contribution Margin | |
| Fixed Expenses | (194,000) |
| Operating Income | |
| Income tax expense | 40% of net income |
| Net Income |
How many units must Oxford Ltd. sell in order to generate net income equal to $291,000?
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