Question: Income statement for 2016 Sales are expected to increase by 30% in 2017 , while costs including depreciation are expected to reach 60% of sales.

Income statement for 2016 Sales are expected to increase by 30%

Income statement for 2016 Sales are expected to increase by 30% in 2017 , while costs including depreciation are expected to reach 60% of sales. Interest expenses and the average tax rate are expected to stay constant. Part 1 Attempt 2/10 for 10 pts Prepare a pro forma income statement for 2017. What is the expected net income? Income statement for 2016 Sales are expected to increase by 30% in 2017 , while costs including depreciation are expected to reach 60% of sales. Interest expenses and the average tax rate are expected to stay constant. Part 1 Attempt 2/10 for 10 pts Prepare a pro forma income statement for 2017. What is the expected net income

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