A proposed new investment has projected sales of $592,000. Variable costs are 41 percent of sales, and fixed costs are $135,000; depreciation is $53,000. Prepare
A proposed new investment has projected sales of $592,000. Variable costs are 41 percent of sales, and fixed costs are $135,000; depreciation is $53,000. Prepare a pro forma income statement assuming a tax rate of 22 percent. What is the projected net income?
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Authors: Judith J. Baker, R.W. Baker
3rd Edition
076377894X, 978-0763778941
