Question: . . Please use the following projections for Top-A1 Inc.: Total sales of $149,000 Cost of goods sold equal to 76 percent of sales Total

 . . Please use the following projections for Top-A1 Inc.: Total

. . Please use the following projections for Top-A1 Inc.: Total sales of $149,000 Cost of goods sold equal to 76 percent of sales Total expenses equal to 13.6 percent of sales Tax rate of 35 percent Beginning equity of $54,500 Beginning inventory of $11,100 Age of ending inventory of 58 days Minimum cash balance of $9,100 Accounts receivable of 28 days Fixed assets of $63,900 Accounts payable of 33 days Assume Top-A1 has a dividend payout of 38 percent. Complete the pro-forma income statement for Top-A1 below: (Round to the nearest dollar.) Top-A1 Inc. Pro Forma Income Statement Sales A Cost of goods sold Gross profit Total operating expenses Earnings before tax (EBT) Taxes $ $ $ $ $ Not corinne

Step by Step Solution

There are 3 Steps involved in it

1 Expert Approved Answer
Step: 1 Unlock blur-text-image
Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock
Step: 3 Unlock

Students Have Also Explored These Related Finance Questions!