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for California Cement Company for 2013 and an expected sales growth rate of 6.56% for 2014, prepare a pro forma income Pro forma income statement.
for California Cement Company for 2013 and an expected sales growth rate of 6.56% for 2014, prepare a pro forma income Pro forma income statement. Given the income statement in the popup window, statement for 2014. First, find the percentage of each income statement line from 2013 as a percent of sales. (Round to three decimal places.) California Cement Company Income Statement for 2013 Sales revenue $ 22,871,000 % $ % Cost of goods sold Selling, general, and administrative expenses Depreciation expenses $ -11,665,000 -3,957,000 -1,333,000 % $ % EBIT $ 5,916,000 % Interest expense $ -180,000 % Taxable income $ 5,736,000 % Taxes $ -2,513,777 % Net income $ 3,222,223 % Data table California Cement Company Income Statement for 2013 $ 22,871,000 -11,665,000 $ $ Sales revenue Cost of goods sold Selling, general, and administrative expenses Depreciation expenses EBIT Interest expense Taxable income -3,957,000 -1,333,000 $ $ 5,916,000 -180,000 $ $ 5,736,000 Taxes $ -2,513,777 Net income $ 3,222,223
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