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Question 1. Reformulate the following income statement, assuming the company has a tax rate of .40. 2015 2014 Sales 4,317.80 3,832.30 Operating Expenses 3,830.00 3,347.50

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Question 1. Reformulate the following income statement, assuming the company has a tax rate of .40. 2015 2014 Sales 4,317.80 3,832.30 Operating Expenses 3,830.00 3,347.50 Operating Income from Sales 487.80 484.80 Interest Expense 87.3 108.3 149.2 154.8 Total Taxes Comprehensive Income 251.30 221.70 Question 2. Use the reformulated income statomont from a a

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