complete Problems 17-7 (one year pro forma statement) and 17-8 (total liabilities estimation and forecast of long-term debt financing need) in your course text. In addition, provide two or more suggestions on what Ambrose Inc. could do to reduce the forecasted debt financing

Pro forma income statement At the end of last year, Roberts Inc. reported the following income statement in millions

Sales 3,000 Operating costs excl depreciation 2,450 EBITDA 550 Deprec. 250 EBIT 300 Interest 125 EBT 175 Taxes%40 70 Net Income 105

Looking ahead Year end sales are expected to be %10 higher than the 3billion

Year end operating costs exclud deprec are expected to equal %80 of yr end sales

Depreciation is expected to increase at same rates as sales

Interest costs same

Tax rate same at %40

On this info what will be the forecast for Roberts year end net income?

Fundamentals of Financial Management 14th edition