Question
Your pro forma income statement shows sales of $1,041,000, cost of goods sold as $525,000, depreciation expense of $95,000, and taxes of $168,400 due to
Your pro forma income statement shows sales of $1,041,000, cost of goods sold as $525,000, depreciation expense of $95,000, and taxes of $168,400 due to a tax rate of 40%. What are your pro forma earnings? What is your pro forma free cash flow?
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Public Finance
Authors: Harvey S. Rosen
3rd Edition
0256083762, 978-0256083767
