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Rimier Corp. forecasts sales of $654,000 for 2020. Assume the firm has fixed costs of $249,000 and variable costs amounting to 35% of sales. Operating

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Rimier Corp. forecasts sales of $654,000 for 2020. Assume the firm has fixed costs of $249,000 and variable costs amounting to 35% of sales. Operating expenses are estimated to include fixed costs of $33,000 and a variable portion equal to 5.6% of sales. Interest expenses for the coming year are estimated to be $20,000. Estimate Rimier's net profits before taxes for 2020. www VUT Pro Forma Income Statement 2020 $ 654000 Sales revenue Less: Cost of goods sold Fixed cost EA $ $ Variable cost Gross profits Less: Operating expenses Fixed Expense Variable expenses Operating profits Less: Interest expense (all fixed) Net profits before taxes CA

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