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Chris, the CFO of John Anderson LLC , needs your help to create pro - forma income statement for the firm for the year ending
Chris, the CFO of John Anderson LLC needs your help to create proforma income statement for the firm for the year ending December He wants you to use percentage of sales method to create the income statement.
As first step, you search for three close competitors of the company and get their financial statements from
wwwsecgov. You create following table that shows average expenses for the three close competitors as percentage of sales.
tableSales
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