4)

A proposed new investment has projected sales of $515,000. Variable costs are 37 percent of sales, and fixed costs are $133,000; depreciation is $52,000. Prepare a pro forma income statement assuming a tax rate of 23 percent. What is the projected net income? (Input all amounts as positive values. Do not round intermediate calculations.)

Sales
Variable costs
Fixed costs
Depreciation
EBT
Taxes
Net income

Answer rating: 100% (QA)

Heres the pro forma income statement Sales 515000 Variable costs 37 of sales 190550 ... View the full answer