A company's tax rate is 33% and its interest expense is $18,500. In addition, its cost of goods sold is 61% of sales and its depreciation and amortization expenses are $35,800. What must the company's revenue be for it to have earnings of $150,000? 1) $603,238 2) $641,914 3) $681,271 4) $713,284 5) $703,211

Essentials Of Investments
11th Edition
ISBN:9781260013924
Author:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Publisher:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Chapter1: Investments: Background And Issues
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A company's tax rate is 33% and its interest expense is $18,500. In addition, its cost
of goods sold is 61% of sales and its depreciation and amortization expenses are
$35,800. What must the company's revenue be for it to have earnings of $150,000?
1) $603,238
2) $641,914
3) $681,271
4) $713,284
5) $703,211
Transcribed Image Text:A company's tax rate is 33% and its interest expense is $18,500. In addition, its cost of goods sold is 61% of sales and its depreciation and amortization expenses are $35,800. What must the company's revenue be for it to have earnings of $150,000? 1) $603,238 2) $641,914 3) $681,271 4) $713,284 5) $703,211
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