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Pro forma income statement. Given the income statement in the popup window EBl for Califormnia Cement Company for 2013 and an expected sales growth rate
Pro forma income statement. Given the income statement in the popup window EBl for Califormnia Cement Company for 2013 and an expected sales growth rate of 7.028967% for 2014, prepare a pro forma income statement for 2014. First find the percentage of each income staterment line from 2013 as a percent of sales.(Round to three decimal places. California Cement Comp Income Statement for 2013 22,923,000 $11.713,000 Selling, general, and administrative expensesS4.043.000 S1.420,000 S 5.747,000 Sales revenue Cost of goods sold EBIT nterest eoxpense Taxable income Taxes Net Income $ 173,000 $ 5,574,000 $1,723,000 3,851,000 What is the sales forecast for 2014
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