Question: Intro Income statement for 2016 Sales are expected to increase by 40% in 2017, while costs including depreciation are expected to reach 60% of sales.

Intro Income statement for 2016 Sales are expected to increase by 40% 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 E Attempt 1/10 for 10 pts. Prepare a pro forma income statement for 2017. What is the expected net income

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