Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Pro forma income statement. Given the income statement in the popup window, : , for National Beverage Company for 2013 and an expected sales growth

image text in transcribed

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

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Interest Rate Swaps And Their Derivatives A Practitioners Guide

Authors: Amir Sadr

1st Edition

0470443944, 978-0470443941

More Books

Students also viewed these Finance questions