Question
Please answer and show work, thank you. A proposed new investment has projected sales of $635,000. Variable costs are 44 percent of sales, and fixed
Please answer and show work, thank you.
A proposed new investment has projected sales of $635,000. Variable costs are 44 percent of sales, and fixed costs are $193,000; depreciation is $54,000. Put together a pro forma income statement assuming a tax rate of 35 percent. What is the projected net income?
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Multinational Financial Management
Authors: Alan C Shapiro, Paul Hanouna
11th Edition
1119559901, 9781119559900
