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BUILDING A PROJECT PRO FORMA INCOME STATEMENT 1. (1PT) A proposed new investment has a projected sales of $635,000. Variable costs are 44% of
BUILDING A PROJECT PRO FORMA INCOME STATEMENT 1. (1PT) A proposed new investment has a projected sales of $635,000. Variable costs are 44% of sales. Fixed costs are $193,000; depreciation is $54,000. Prepare a pro-forma income statement for the project assuming a 21% tax rate. INCOME STATEMENT
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Foundations of Financial Management
Authors: Stanley Block, Geoffrey Hirt, Bartley Danielsen
14th edition
007745443X, 978-0073530727, 73530727, 978-0077454432
