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17.7 PRO FORMA INCOME STATEMENT At the end of last year, Roberts Inc. reported the following income statement (in millions of dollars): Looking ahead to

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17.7 PRO FORMA INCOME STATEMENT At the end of last year, Roberts Inc. reported the following income statement (in millions of dollars): Looking ahead to the following year, the company's cro has assembled this information: Year-end sales are expected to be 10m higher than the $3 billion in sales generated last year. Yearend operating conts, excluding depreciation, are expected to equal 80% of yearend sales. Deprectation is expected to increase at the same rate as sales. Interest costs are expected to remain unchanged. The tax rate is expected to remain at 25%. On the basts of that information, what wil be the forecas for Roberts year-end net Income

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