Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Fill in the yellow highlighted cells with your forecasted figures. 4 SHOW ALL YOUR SUPPORTING CALCULATIONS! You may do this either within the cell by

Fill in the yellow highlighted cells with your forecasted figures. 4 SHOW ALL YOUR SUPPORTING CALCULATIONS! You may do this either within the cell by using formulas, out to the right, or both - clear 5 All your work must be shown on this sheet, not on a separate tab. 6 7 Forecasted Income Statement (20 points: 5 for showing work, 15 for accuracy) 8 9 10 11 12 13 14 Sales (all on credit) 15 Cost of Goods Sold 16 Gross Profit 17 Selling and Administrative Expense 18 Rent Expense 19 Depreciation Expense 20 Operating profit (EBIT) 21 Interest expense 22 Net Income before Taxes 23 Taxes 24 Net Income 25 Shares 26 Earnings per Share 27 28 2020 (800,000) 400,000 (224,900) (15,000) (65,000) 95,100 (35,000) 60,100 (36,900) 23,200 60,000 $0.39 DURA-CLEAR WINDOWS, LLC Proforma Income Statement 2021 1,500,000 (1,040,000) 460,000 (270,500) (15,000) (76,500) 98,000 (45,000) 53,000 (49,200) 3,800 60,000 $0.26 2022 2023 1,875,000 5,625,000 (1,105,000) 3,093,750 770,000 8,718,750 (363,700) (15,000) (139,000) 252,300 (85,000) 167,300 (55,600) 111,700 78,000 $2.38 2024 2025 2026 2027 7,031,250 8,789,063 ######### ] ######### 3,867,188 4,833,984 6,042,480 7,553,101 10,898,438 ######### #########| #########
image text in transcribed
Fill in the yellow highlighted cells with your forecasted figures. SHOW ALL YOUR SUPPORING CALCULATIONSI You may do this either within the cell by using formulas, out to the right, or both - clea All your work must be shown on this sheet, not on a separate tab. Forecasted Income Statement (20 points: 5 for showing work, 15 for accuracy) Fill in the yellow highlighted cells with your forecasted figures. SHOW ALL YOUR SUPPORING CALCULATIONSI You may do this either within the cell by using formulas, out to the right, or both - clea All your work must be shown on this sheet, not on a separate tab. Forecasted Income Statement (20 points: 5 for showing work, 15 for accuracy)

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access with AI-Powered Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Students also viewed these Finance questions