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Pro forma income statement. Given the income statement in the popup window, : , for National Beverage Company for 2013 and an expected sales growth
Pro forma income statement. Given the income statement in the popup window, : , for National Beverage Company for 2013 and an expected sales growth rate of 4.35% for 2014, prepare a pro forma income statement for 2014. First, find the percentage of each income statement line from 2013 as a percent of sales. (Round to three decimal places.) - X Data Table % National Beverage Company Income Statement for 2013 Sales revenue $ 24,011,000 Cost of goods sold $ -8,148.000 Selling, general, and administrative expenses $ -7,626,000 Depreciation expenses $ -2,351,000 EBIT $ 5,886,000 % National Beverage Company Income Statement for 2013 % % Sales revenue $ % $ 24,011,000 -8,148,000 -7,626,000 -2,351,000 $ -211.000 % $ Cost of goods sold Selling, general, and administrative expenses Depreciation expenses EBIT Interest expense Taxable income Taxes $ 5,675,000 % S $ -2.487,044 % $ 5,886,000 -211,000 Net income $ 3,187,956 % Interest expense S Taxable income S 5,675,000 Taxes $ -2,487,044 Net income $ 3,187,956
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