Pre Ferma income Statements Presented beiow is the consolidated uatemens af earnungs for Mann B Milier, Mc. Bequired - Sales groweh is 10 peccent per yeari - Gross feotit margen is 65 percent. - Iffectse incorre tar rate is 20 percend. Reguired - Sales growth is 10 percent per year. - Gress profit margin is 6 percent. - Lffective income tax rate is 29 pertent - Selling, marketng 8 adminotrative expenses, research espenses, and other anconve and enpences bet all wary as a functon of salen - Purchased in peocess ABD, and interest income reman cooblant at the 2015 ievel - interest capense as sir percent of the begrning balance of long serm debt - Longterm bebt at the end of 20+5 i 52,650 and increases by five percent each year instructions 1. Round ariswers to the ncarest whole number 2. Use rounded sales forure for subsequent calculstions. computations Do not reund uncil your final answer. 1. Aound answers to the nearest whole number. 2. Use rounded 5 ales tigure for subsequent calculmoens 3. For sehing maketing \& adminatrative expenses, fesearch eupenses, and other intome and eupenses compueavions - use (2015 eipense / 2015 sales) as your factor for both 2016 and 2017 computations. Do not round undil your finat answer Pro Forma income Statements Presented below is the coescbidated statement of eamings for Mann 8 Moler, inc Required - Sales growtr is 10 percent per year. - Gross prote margin is GS percent. - Hrective income tax rate is 29 pertert. Required - Sales groweh is 10 pertent per year - Gross peoft margin is 65 percent. - fitectuve income tax rate is 29 percene. - Selfing marketing \& adminstrative expenses, tecravin expenses, and ether inforte and eapenses ret all vary at a functian of al es - Rechased in process fasd and interest income reman constant at the 2015 ievel. - inerest enpense is ux percent of the begnning balance of kong term debt - Lansterre debt at the end of 2015 in 12080 and increases by fove percent exch year Instruttions 1. Aound answers to the nearest whole number 2. Uie rounded sales figure for suthenuent cacutations. camputations Do not round Lent your final aeswer. 4 Whe a negative agen with interest income ahtwers Instructions 1. Round arnwers to the hearest whole number. 2. Use rounded Sales figure for sutsequent calculations. computations. Do not round unt your final acower. Pre Ferma income Statements Presented beiow is the consolidated uatemens af earnungs for Mann B Milier, Mc. Bequired - Sales groweh is 10 peccent per yeari - Gross feotit margen is 65 percent. - Iffectse incorre tar rate is 20 percend. Reguired - Sales growth is 10 percent per year. - Gress profit margin is 6 percent. - Lffective income tax rate is 29 pertent - Selling, marketng 8 adminotrative expenses, research espenses, and other anconve and enpences bet all wary as a functon of salen - Purchased in peocess ABD, and interest income reman cooblant at the 2015 ievel - interest capense as sir percent of the begrning balance of long serm debt - Longterm bebt at the end of 20+5 i 52,650 and increases by five percent each year instructions 1. Round ariswers to the ncarest whole number 2. Use rounded sales forure for subsequent calculstions. computations Do not reund uncil your final answer. 1. Aound answers to the nearest whole number. 2. Use rounded 5 ales tigure for subsequent calculmoens 3. For sehing maketing \& adminatrative expenses, fesearch eupenses, and other intome and eupenses compueavions - use (2015 eipense / 2015 sales) as your factor for both 2016 and 2017 computations. Do not round undil your finat answer Pro Forma income Statements Presented below is the coescbidated statement of eamings for Mann 8 Moler, inc Required - Sales growtr is 10 percent per year. - Gross prote margin is GS percent. - Hrective income tax rate is 29 pertert. Required - Sales groweh is 10 pertent per year - Gross peoft margin is 65 percent. - fitectuve income tax rate is 29 percene. - Selfing marketing \& adminstrative expenses, tecravin expenses, and ether inforte and eapenses ret all vary at a functian of al es - Rechased in process fasd and interest income reman constant at the 2015 ievel. - inerest enpense is ux percent of the begnning balance of kong term debt - Lansterre debt at the end of 2015 in 12080 and increases by fove percent exch year Instruttions 1. Aound answers to the nearest whole number 2. Uie rounded sales figure for suthenuent cacutations. camputations Do not round Lent your final aeswer. 4 Whe a negative agen with interest income ahtwers Instructions 1. Round arnwers to the hearest whole number. 2. Use rounded Sales figure for sutsequent calculations. computations. Do not round unt your final acower