Question: Problem #1: Proforma Statements - Prepare a common size income statement given the following information: Revenues = $100,000 COGS = $43,000 SG&A = $22,000 Depreciation

Problem #1: Proforma Statements - Prepare a common size income statement given the following information: Revenues = $100,000 COGS = $43,000 SG&A = $22,000 Depreciation = $10,000 Interest Owed = $5,000 Tax Rate = 40%

Problem #2: Proforma Statements - Prepare a pro forma income statement from the data and common size income statement from #1, assuming that the sales will grow by 5% and all expenses but interest and taxes will scale with sales.

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