Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

11 of 14 (14 complete) P12-10 (similar to) Pro forma income statement. Given the income statement in the popup window, for California Cement Company for

image text in transcribed
11 of 14 (14 complete) P12-10 (similar to) Pro forma income statement. Given the income statement in the popup window, for California Cement Company for 2013 and an expected sales 2014 First, find the percentage of each income statement line from 2013 as a percent of sales. (Round to three decimal places) % California Cement Company Income Statement for 2013 Sales revenue $ 22.847 000 Cost of goods sold $ -11,601,000 Selling, general and administrative expenses $ -3,917.000 Depreciation expenses $ -1.360,000 EBIT $ 5.969,000 Interest expense $ - 172.000 Taxable income $ 5,797,000 Taxes $ -2.540.510 Net Income S 3,256,490 % % % 9 % Enter any number in the edit fields and then click Check

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Public Sector Accounting

Authors: Rowan Jones, Maurice Pendlebury

6th Edition

0273720368, 9780273720362

More Books

Students also viewed these Accounting questions

Question

summarize the history of work psychology;

Answered: 1 week ago