FREE Trial
Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Your pro forma income statement shows sales of $984,000, cost of goods sold as $522.000, depreciation expense of $99,000, and taxes of $145,200 due to

image text in transcribed
Your pro forma income statement shows sales of $984,000, cost of goods sold as $522.000, depreciation expense of $99,000, and taxes of $145,200 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

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

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

Recommended Textbook for

Financial Management Principles And Applications

Financial Management Principles And Applications

Authors: Arthur J. Keown, J. William Petty, John D. Martin, Jr. Scott, David F.

10th Edition

0131450654, 9780131450653

More Books

Students also viewed these Finance questions

Question

★★★★★
What performance measures could a company use to identify and reward safe behavior in addition to counting injuries and illnesses? The Occupational Health and Safety Administration have expressed...

Answered: 1 week ago

Question

★★★★★
Devise a portfolio using only call options and shares of stock with the following value (payoff) at the option expiration date. If the stock price is currently 53, what kind of bet is the...

Answered: 1 week ago

Question

★★★★★
2. A longer-term goal is to develop in our students enduring individual interests and the trait of being motivated to learn so they will be able to educate themselves for the rest of their lives.

Answered: 1 week ago

Question

★★★★★
By taking a central flux path, estimate the inductance of the sensor shown in Figure (a) for zero air gap; (b) for a 2 mm air gap. Assume the relative permeability of core and armature is 104 and...

Answered: 1 week ago

Question

★★★★★
MetaRachel and Alexander Harrison need to calculate the amount they can afford to spend on their first home. They have a combined annual income of $ 6 7 , 5 0 0 and have $ 3 7 , 0 0 0 available for a...

Answered: 1 week ago

Question

★★★★★
Financial Sector and Economic Growth According to Gounder (2012), 't he relationship between the financial sector and economic growth is crucially dependent upon thenatureandoperation of financial...

Answered: 1 week ago

Question

★★★★★
In each reaction box, select the best reagent and conditions from each list. 1. reagent 1 2. reagent 2 3. reagent 3 Br

Answered: 1 week ago

Question

★★★★★
Define promotion.

Answered: 1 week ago

Question

★★★★★
Write a note on transfer policy.

Answered: 1 week ago

Question

★★★★★
Discuss about training and development in India?

Answered: 1 week ago

Question

★★★★★
Explain the various techniques of training and development.

Answered: 1 week ago

Question

★★★★★
How should a consultant be selected?

Answered: 1 week ago

Question

★★★★★
Why is a consulting contract needed?

Answered: 1 week ago

Question

★★★★★
Why should the personnel of a consulting team be described in a contract?

Answered: 1 week ago

Previous Question Next Question