Question
Revenue $1690793 COGS $544668 Gross Profit _____ Depreciation $97807 EBIT _____ Interest $22643 EBT _____ Taxes (24%) _____ Net Income ____ The above is last
Revenue $1690793 COGS $544668 Gross Profit _____ Depreciation $97807 EBIT _____ Interest $22643 EBT _____ Taxes (24%) _____ Net Income ____ The above is last year's income statement. You are asked to produce a pro forma income statement where sales and gross profits increase by 15% and interest expense, depreciation, and the tax rate remains unchanged. What will you input for taxes?
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started
Financial Analysis With Microsoft Excel
Authors: Timothy R. Mayes
9th Edition
0357442059, 9780357442050
