Question: 6. Problem 17.07 (Pro Forma Income statement) At the end of last year, Roberts Inc, reported the following income statement (in millions of dollars): Looking
6. Problem 17.07 (Pro Forma Income statement) At the end of last year, Roberts Inc, reported the following income statement (in millions of dollars): Looking ahead to the following year, the company's CFo has assembled this information: - Year-end sales are expected to be 10% higher than the $3 bilion in sales generated last year - Year-end operating costs, excluding depreciation, are expected to equal 65% of year-end sales. - Depreciation is expected to increase at the same rate as sales. - Interest costs are expected to remain unchanged - The tax rate is expected to remain at 25%. On the basis of that information, what will be the forecast for Roberts' yeacend net income? Enter your answer in milions. For exampie, an answer of $25,400,000 should be entered as 25,40. Do not round intermediate calculations. Round your answer to two decimal glaces. 5 milion
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