QUESTIONS TO ANSWER: (PLEASE ANSWER ALL QUESTIONS)

1. Fill out Income Statement for 2013

2. What is the sales growth rate of 6.83% for 2014?

3. Make a table for Pro Forma Income Statement for 2014

Pro forma income statement. Given the income statement in the popup window, E , for California Cement Company for 2013 and an expected sales growth rate of 6.83% 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.) Data Table California Cement Company Income Statement for 2013 California Cement Company Income Statement for 2013 Sales revenue $ 22,823,000 Cost of goods sold $ - 11,690,000 Selling, general, and administrative expenses $ -3,947,000 Depreciation expenses -1,337,000 EBIT 5,849,000 Interest expense -176,000 Taxable income 5,673,000 Taxes $ -2,486,167 Net income $ 3,186,833 Sales revenue Cost of goods sold Selling, general, and administrative expenses Depreciation expenses EBIT $ $ $ 22,823,000 -11,690,000 -3,947,000 -1,337,000 5,849,000 -176,000 5,673,000 2,486,167 3,186,833 Interest expense $ Taxable income Taxes $ $ Net income Print Done