Question

Given the income statement below for National Beverage Company for 2009, and the sales forecast from Problem 1, prepare a pro forma income statement for 2010.
National Beverage Company
Income Statement for 2009
Sales Revenue .............. $24,088,000
COGS .................. 8,164,000
SG&A Expenses .............. 7,616,000
Depreciation Expenses ............. 2,388,000
EBIT ................... $ 5,920,000
Interest Expense ................ 220,000
Taxable Income .............. $ 5,700,000
Taxes .................. 2,498,000
Net Income ............... $ 3,202,000



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  • CreatedMay 08, 2014
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