Question: LUUT Pro forma income statement. Given the income statement in the popup window for National Beverage Company for 2013 and an expected sales growth rate


LUUT Pro forma income statement. Given the income statement in the popup window for National Beverage Company for 2013 and an expected sales growth rate of 4 26% for 2014, prepare a proforma income statement for 2014 First, find the percentage of each income statement line from 2013 as a percent of sales (Round to three decimal place) National leverage C Icon Statement for 2011 Sales revenue $ 24062000 Cost of goods sold 5 -8.118.000 Selin general and administrative expenses S -7.504000 Depreciation expenses $ -2.383.000 EBIT $ 6.057.000 all 1 s Help Depreciation expenses EBIT 5 2000 6.057,000 219.000 5 830 000 2558,479 Interest expense Taxable income Taxes Net Income 5 5 $ 3279,522 National Beverage Company Income Statement for 2013 $ Sales revenue Cost of goods sold Selling. general, and administrative expenses Depreciation expenses 24,062,000 -8,118,000 -7,504,000 -2,383,000 |EBIT 8,057,000 Interest expense 219,000 Taxable income $ 5,838,000 Taxes $ -2,558,478 Net income 3,279,522
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