Question: Vikings Inc., is developing a pro forma income statement for the coming year. The chief financial officer estimates that sales will be $150,000,000. If selling,
Vikings Inc., is developing a pro forma income statement for the coming year. The chief financial officer estimates that sales will be $150,000,000. If selling, general, and administrative expenses (SGA) are historically 18% of sales, what are the expected SGA expenses (in dollars)? a) $18,000,000 b) $27,000,000 c) $30,000,000 d) $41,000,000 NOTE: In your Excel spreadsheet, all calculations must be included
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