CHAPTER THREE Financial Forecasting and Planning 95 April 2006: Section B. Q 4 (a) Prepare a summarize proforma income statement for Shamsuri Sdn Bhd for the period ending 31 December 2006 based on the following information: i) Actual sales 2005 ii) Projected sales 2006 i) Gross Profit Margin iv) Operating profit margin (EBIT) v) vi) Time interest earned Tax rate vii) Dividend payout ratio RM1 million Increase by 20% of 2005 actual sales 40% 25% 6 times 30% 0.40 (14 marks)