Answered step by step
Verified Expert Solution
Link Copied!

Question

00
1 Approved Answer

Your pro forma income statement shows sales of $1,047,000, cost of goods sold as $490,000, depreciation expense of $100,000, and taxes of $182,800 due to

image text in transcribed

Your pro forma income statement shows sales of $1,047,000, cost of goods sold as $490,000, depreciation expense of $100,000, and taxes of $182,800 due to a tax rate of 40%. 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 line"; (40%) Earnings

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access with AI-Powered Solutions

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

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

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

Get Started

Students also viewed these Finance questions