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

 Pro forma income statement. Given the income statement in the popup

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 4.35% for 2014, prepare a pro forma income statement for 2014. First, find the percentage of each income statement line from 2013 as a percent of sales. (Round to three decimal places.) - X Data Table % National Beverage Company Income Statement for 2013 Sales revenue $ 24,011,000 Cost of goods sold $ -8,148.000 Selling, general, and administrative expenses $ -7,626,000 Depreciation expenses $ -2,351,000 EBIT $ 5,886,000 % National Beverage Company Income Statement for 2013 % % Sales revenue $ % $ 24,011,000 -8,148,000 -7,626,000 -2,351,000 $ -211.000 % $ Cost of goods sold Selling, general, and administrative expenses Depreciation expenses EBIT Interest expense Taxable income Taxes $ 5,675,000 % S $ -2.487,044 % $ 5,886,000 -211,000 Net income $ 3,187,956 % Interest expense S Taxable income S 5,675,000 Taxes $ -2,487,044 Net income $ 3,187,956

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