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Please answer all parts! Thank you! Your pro forma income statement shows sales of $1,038,000, cost of goods sold as $492,000, depreciation expense of $99,000,
Please answer all parts! Thank you!
Your pro forma income statement shows sales of $1,038,000, cost of goods sold as $492,000, depreciation expense of $99,000, and taxes of $178,800 due to a tax rate of 40%. What are your pro forma earnings? What is your pro forma free cash flow? Complete the pro forma income statement below: (Round to the nearest dollar.) Sales $ Cost of Goods Sold $ Gross Profit $ $ Depreciation EBIT $ Taxes (40%) $ Earnings $Step by Step Solution
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