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Pro forma income statement. Given the income statement in the popup window, B. for California Cement Company for 2013 and an expected sales growth rate
Pro forma income statement. Given the income statement in the popup window, B. for California Cement Company for 2013 and an expected sales growth rate of 6.77% 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 i... Data table % % California Cement Company Income Statement for 2013 Sales revenue $ 22,837,000 Cost of goods sold $ - 11,609,000 Selling, general, and administrative expenses $ 4,093.000l Depreciation expenses $ $ -1,337,000 IEBIT $ 5,798,000) Interest expense $ $ - 175,000 % % 22,837,000 % -11,609,000 % % California Cement Company Income Statement for 2013 Sales revenue $ Cost of goods sold $ Selling, general, and administrative expenses $ $ Depreciation expenses $ |EBIT $ Interest expense $ Taxable income $ $ -4,093,000 Taxable income $ 5,623,000 % -1,337,000 Taxes $ -2,464,255|| % Net Income $ 3,158,7451 % 5,798,000 -175,000 5,623,000 -2,464,255 Taxes $ $ Net income $ 3,158,745 Print Done Help me solve this View an example Get more help
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