In 2018, the total costs of operations (excluding income tax) amounted to P1,680,000. Included in this amount is depreciation which is 20% of the total costs of operation. Income taxes are 50%. What must net sales be if the return on sales after tax is to be 8%? O P2.000,000 O P3,000,000 O P2.250,00O O P1.800,000

In 2018, the total costs of operations (excluding income tax) amounted to P1,680,000. Included in this amount is depreciation which is 20% of the total costs of operation. Income taxes are 50%. What must net sales be if the return on sales after tax is to be 8%? O P2.000,000 O P3,000,000 O P2.250,00O O P1.800,000

Intermediate Financial Management (MindTap Course List)

13th Edition

ISBN:9781337395083

Author:Eugene F. Brigham, Phillip R. Daves

Publisher:Eugene F. Brigham, Phillip R. Daves

Chapter6: Accounting For Financial Management

Section: Chapter Questions

Problem 10P: The Moore Corporation has operating income (EBIT) of 750,000. The companys depreciation expense is...

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