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The sales forecast for 2014 is------------------------ The pro forma income statement for 2014 is................. Pro forma income statement. Given the income statement in the popup
The sales forecast for 2014 is------------------------
The pro forma income statement for 2014 is.................
Pro forma income statement. Given the income statement in the popup window, for California Cement Company for 2013 and an expected sales growth rate of 7.01% 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.) $ % % California Cement Company Income Statement for 2013 Sales revenue 22,845,000 Cost of goods sold $ -11,624,000 Selling, general, and administrative expenses $ -3,994,000 Depreciation expenses -1,358,000 EBIT 5,869,000 Interest expense -176,000 Taxable income 5,693,000 Taxes $ -2,494,932 Net income $ 3,198,068 CA % CA % CA % $ % % %Step by Step Solution
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