Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Your pro forma income statement shows sales of $1,025,000, cost of goods sold as $489,000, depreciation expense of $103,000, and taxes of $108,250 due to

image text in transcribed

Your pro forma income statement shows sales of $1,025,000, cost of goods sold as $489,000, depreciation expense of $103,000, and taxes of $108,250 due to a tax rate of 25%. What are your pro forma earnings? 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 (25%) $ Earnings $ The pro forma free cash flow will be $ (Round to the nearest dollar.)

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image_2

Step: 3

blur-text-image_3

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Volatility Trading

Authors: Euan Sinclair

2nd Edition

1118347137, 9781118347133

More Books

Students also viewed these Finance questions

Question

Describe the factors influencing of performance appraisal.

Answered: 1 week ago