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Pro forma income statement. Given the income statement in the popup window, 3, for California Cement Company for 2013 and an expected sales growth rate
Pro forma income statement. Given the income statement in the popup window, 3, for California Cement Company for 2013 and an expected sales growth rate of 7.29% for 2014, prepare a pro forma income statement for 2014. What is the sales forecast for 2014? $ 24566191 (Round to the nearest dollar.) The pro forma income statement for 2014 is: (Round to the nearest dollar.) California Cement Company Pro Forma Income Statement for 2014 Sales revenue $ 11644040 100.00 % $ 50.854 % Cost of goods sold Selling, general, and administrative expenses Depreciation expenses $ 17.832 % $ 5.704 % EBIT $ 25.610 % Interest expense $ 0.751 % Taxable income $ 24.859 % Taxes $ 10.894 % Net income $ 13.965 % California Cement Company Income Statement for 2013 Sales revenue $ 22,897,000 -11,644,000 Cost of goods sold Selling, general, and administrative expenses Depreciation expenses -4,083,000 $ -1,306,000 EBIT $ 5,864,000 Interest expense $ -172,000 Taxable income $ 5,692,000 Taxes $ -2,494,494 Net income $ 3,197,506
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