A proposed new investment has projected sales of $830,000. Variable costs are 60% of sales, and fixed
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A proposed new investment has projected sales of $830,000. Variable costs are 60% of sales, and fixed costs are $181,000; depreciation is $77,000. Prepare a pro forma income statement assuming a tax rate of 35 percent. What is the projected net income?
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Particulars Amount Sales 830000 Less Variabl...View the full answer
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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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