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Your pro forma income statement shows sales of $1,016,000, cost of goods sold as $487,000, depreciation expense of $101,000, and taxes of $171,200 due to
Your pro forma income statement shows sales of $1,016,000, cost of goods sold as $487,000, depreciation expense of $101,000, and taxes of $171,200 due to a tax rate of 40%. What are your pro forma eamings? What is your pro forma free cash flow? Complete the pro forma income statement below. (Round to the nearest dollar.) Sales Cost of Goods Sold Gross Profit Depreciation EBIT Taxes (40%) Earnings
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Using Financial Accounting Information The Alternative to Debits and Credits
Authors: Gary A. Porter, Curtis L. Norton
7th Edition
978-0-538-4527, 0-538-45274-9, 978-1133161646
