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Please help asap! Will upvote and comment!!! THank you PLease help will upvote!!! Pro forma income statements. Green Planet, a restaurant supply company, has the
Please help asap! Will upvote and comment!!! THank you
PLease help will upvote!!!
Pro forma income statements. Green Planet, a restaurant supply company, has the following income statement accounts for 2013: Revenue $12,425,000 Fixed Costs $1,968,800 Interest Expense $803,240 Sales Returns $186,150 SG & A Costs $1,473,200 COGS $5,556,440 Depreciation $989,240 Construct the income statement for 2013 with a tax rate of 38%. Then construct pro forma income statements for the years 2014, 2015, and 2016 if the company expects projected sales to rise annually at 4.6% and all the accounts have the same percentage of sales as in 2013. Redo the pro forma statements for 2014, 2015, and 2016 if fixed costs are truly fixed and remain at $1,968,800, but all other accounts listed will be at the same percentage of sales for the next three years as in 2013. Find the growth in net income each year. Pro forma income statements, Green Planet, a restaurant supply company, has the following income statement accounts for 2013: Construct the income statement for 2013 with a tax rate of 38%. Complete the income statement for 2013 below: (Round to the nearest dollar.) Income Statement 2013 Revenue $ $ Returns Net Revenue $ Costs COGS $ Fixed Costs A A A $ IN SG and A Costs Depreciation $ EBIT $ Interest Expense $ Taxable Income $ $ Taxes $ Net Income $Step by Step Solution
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