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


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 4.96% 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.) Income Statement for 2013 Sales revenue Cost of goods sold Selling, general, and administrative expenses Depreciation expenses EBIT \$ 24,119,000 Interest expense Taxable income Taxes Net income \$ 8,190,000 % % % % Heting National Beverage Company Income Statement for 2013 Sales revenue Cost of goods sold Selling, general, and administrative expenses \$ $7,695,000 Depreciation expense EBIT $$2,368,0005,866,000 Interest expense Taxable income \begin{tabular}{lr} $ & 217,000 \\ \hline$ & 5,649,000 \end{tabular} Taxes Net income $2,475,649 \$ 3,173,351
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