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finance cont2 begin{tabular}{|l|} hline multicolumn{2}{|c|}{ Pro Forma Income Statement } hline Sales hline Costs hline Other expenses hline EBIT hline
finance cont2
\begin{tabular}{|l|} \hline \multicolumn{2}{|c|}{ Pro Forma Income Statement } \\ \hline Sales \\ \hline Costs \\ \hline Other expenses \\ \hline EBIT \\ \hline Interest \\ \hline Taxable income \\ \hline Taxes (21%) \\ \hline Net income \\ \hline \end{tabular} \begin{tabular}{|l|l|l|} \hline \multicolumn{2}{|c|}{ Assets } & \multicolumn{2}{|c|}{ Pro Forma Balance Sheet } \\ \hline Current assets & & \multicolumn{2}{|c|}{ Liabilities and Owners' Equity } \\ \hline Cash & & Current liabilities \\ \hline Accounts receivable & Accounts payable \\ \hline Inventory & Notes payable \\ \hline Total & Total \\ \hline & Long-term debt \\ \hline Fixed assets & Owners' equity \\ \hline Net plant and equipment & Common stock and paid-in surplus \\ \hline & Retained earnings \\ \hline \end{tabular} \begin{tabular}{|l|} \hline \multicolumn{2}{|c|}{ Pro Forma Income Statement } \\ \hline Sales \\ \hline Costs \\ \hline Other expenses \\ \hline EBIT \\ \hline Interest \\ \hline Taxable income \\ \hline Taxes (21%) \\ \hline Net income \\ \hline \end{tabular} \begin{tabular}{|l|l|l|} \hline \multicolumn{2}{|c|}{ Assets } & \multicolumn{2}{|c|}{ Pro Forma Balance Sheet } \\ \hline Current assets & & \multicolumn{2}{|c|}{ Liabilities and Owners' Equity } \\ \hline Cash & & Current liabilities \\ \hline Accounts receivable & Accounts payable \\ \hline Inventory & Notes payable \\ \hline Total & Total \\ \hline & Long-term debt \\ \hline Fixed assets & Owners' equity \\ \hline Net plant and equipment & Common stock and paid-in surplus \\ \hline & Retained earnings \\ \hline \end{tabular}Step by Step Solution
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