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 RM1 million ii) Projected sales 2006 Increase by 20% of 2005 actual sales iii) Gross Profit Margin 40% iv) Operating profit margin (EBIT) Time interest earned 25% v) 6 times vi) Tax rate vii) Dividend payout ratio 30% 0.40 (14 marks)