Question
Fresno Salads has current sales of $6,000 and a profit margin of 6.5 percent. The firm estimates that sales will increase bu 4 percent next
Fresno Salads has current sales of $6,000 and a profit margin of 6.5 percent. The firm estimates that sales will increase bu 4 percent next year and that costs will vary in direct relationship to sales. What is the pro forma net income?
A) 303.33
B)327.18
C)405.60
D)438.70
E)441.10
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ISE Real Estate Finance And Investments
Authors: Jeffrey Fisher William B. Brueggeman
17th International Edition
1264892888, 9781264892884
