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17-4: Pro Forma Income Statement Austin Grocers recently reported the following 2015 income statement (in millions of dollars): Sales $700 Operating costs Including Depreciation 500

17-4: Pro Forma Income Statement Austin Grocers recently reported the following 2015 income statement (in millions of dollars):

Sales $700

Operating costs Including Depreciation 500

EBIT $200

Interest 40

EBT $160

Taxes (40%) 64

Net Income $96

Dividends $32

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17-4: Pro Forma Income Statement Austin Grocers recently reported the following 2015 income statement (in millions of dollars): Sales $700 Operating costs Including Depreciation 500

17-4: Pro Forma Income Statement Austin Grocers recently reported the following 2015 income statement (in millions of dollars): Sales $700 Operating costs Including Depreciation 500 EBIT $200 Interest 40 EBT $160 Taxes (40%) 64 Net Income $96 Dividends $32

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17-4: Pro Forma Income Statement Austin Grocers recently reported the following 2015 income statement (in millions of dollars):

Sales $700

Operating costs Including Depreciation 500

EBIT $200

Interest 40

EBT $160

Taxes (40%) 64

Net Income $96

Dividends $32