Question
GORILA has current sales of $9,500 and a profit margin of 12 percent. The firm estimates that sales will increase by 9% next year and
GORILA has current sales of $9,500 and a profit margin of 12 percent. The firm estimates that sales will increase by 9% next year and that all costs will vary in direct relationship to sales. What is the pro forma net income?
Select one:
a. $1,442.60
b. $1,242.60
c. $2,242.60
d. $2,742.00
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Auditing Fundamentals
Authors: Marlene Davies, John Aston
1st Edition
0273711733, 978-0273711735
