Question: Pro forma income statement. Given the income statement in the popup window, m. for California Coment Company for 2013 and an expected sales growth rate


Pro forma income statement. Given the income statement in the popup window, m. for California Coment Company for 2013 and an expected sales growth rate of 6.82% for 2014, prepare a profoma income statement for 2014 Fiest, find the percentage of each income statement line from 2013 as a percent of sales (Round to Ihree decimal places) California Cement Company Income Statement for 2013 Sales revenue $ 22.883.000 Cont of goods sold 5 11.510.000 Selling general and administrative expenses $ 4088.000 Doprocation expensos 5 1368.000 EBIT $ 5.017.000 interest 9 30.000 Tatable income 5.637000 Toxes 3 2.470301 Net Income 3.166.600 What is the sales forecast for 2014) California Cement Company Pro Forma Income Statement for 2014 Sales revenue $ Cost of goods sold $ Selling general, and administrative expenses $ S Depreciation expenses EBIT $ 100.00 % 50.736 % 17.865% 5.978% 25.421 % 0.787% 24 6349 S S Interest expense Taxable income Taxes 10.79696 S 13.838 % Net income California Cement Company Income Statement for 2013 Sales revenue $ $ 22,883,000 -11,610,000 -4,088,000 -1,368,000 Cost of goods sold Selling, general, and administrative expenses Depreciation expenses EBIT $ $ $ $ Interest expense $ Taxable income $ $ 5,817,000 -180,000 5.637,000 -2.470,391 3,166,609 Taxes Net income $
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