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Based on the following information construct a pro-forma income statement.

Based on the Income Statement for the following company in 2013 and forecasted growth in sales of 30% construct a pro forma income statement.

Sales Revenue=$20,500,000

Cost of Goods Sold= $8,200,000

Sales and Admin Expenses= $2,500,000

Depreciation Exp= $800,000

EBIT= $9,000,000

Interest Exp= $200,000

Taxable Income= $8,800,000

Taxes=$3,080,000

Net Income= $5,720,000

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Statistics and Probability, Statistics

Category:- Statistics and Probability
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