Calculating Projected Net Income A proposed new investment has projected sales of $740,000. Variable costs are 60
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Calculating Projected Net Income A proposed new investment has projected sales of $740,000. Variable costs are 60 percent of sales, and fixed costs are $173,000; depreciation is $75,000. Prepare a pro forma income statement assuming a tax rate of 35 percent. What is the projected net income?
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Related Book For
Fundamentals of Corporate Finance
ISBN: 978-0077861629
8th Edition
Authors: Stephen A. Ross, Randolph W. Westerfield, Bradford D.Jordan
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