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Your pro forma income statement shows sales of $956,000, cost of goods sold as $496,000, depreciation expense of $102,000, and taxes of $143,200 due to
Your pro forma income statement shows sales of $956,000, cost of goods sold as $496,000, depreciation expense of $102,000, and taxes of $143,200 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 | $ |
|
Taxes (40%) | $ |
|
Earnings | $ |
|
The pro forma free cash flow will be?
(Round to the nearest dollar.)
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