Multiple Choice
Management of Raley Company would like to achieve a target profit after taxes of $80,000.The company's income tax rate is 20 percent.What target profit before taxes is required to earn $80,000 in after tax profit?
A) $100,000
B) $64,000
C) $160,000
D) $400,000
E) None of the answer choices is correct.
Correct Answer:
Verified
Correct Answer:
Verified
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