A proposed new investment has projected sales of $750,000. Variable costs are 55 percent of sales, and
Question:
A proposed new investment has projected sales of $750,000. Variable costs are 55 percent of sales, and fixed costs are $182,500; depreciation is $86,000. Prepare a pro forma income statement assuming a tax rate of 35 percent. What is the projected net income?
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Input area Sales 750000 Variable cost percent 55 ...View the full answer
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Related Book For 
Essentials of Corporate Finance
ISBN: 978-0078034756
8th edition
Authors: Stephen Ross, Randolph Westerfield, Bradford Jordan
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