Fresno Salads has current sales of $4,900 and a profit margin of 6.5 percent. The firm estimates that sales will increase by 5 percent next year and that all costs will vary in direct relationship to sales. What is the pro forma net income?
A) $303.33
B) $327.18
C) $334.43
D) $338.70
E) $341.10
Correct Answer:
Verified
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