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ZapaKapa has current sales of $1,000 and a profit margin of 10 percent. The firm estimates that sales will increase by 5% next year and
ZapaKapa has current sales of $1,000 and a profit margin of 10 percent. The firm estimates that sales will increase by 5% next year and that all costs will vary in direct relationship to sales. What is the pro forma net income? Select one: O a $119 O b. $107 O c. $105
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Cornerstones of Financial and Managerial Accounting
Authors: Rich, Jeff Jones, Dan Heitger, Maryanne Mowen, Don Hansen
2nd edition
978-1111879044
