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A proposed new investment has projected sales of $557,000. Variable costs are 39 percent of sales, and fixed costs are $131,000; depreciation is $51,000. Prepare a pro forma income statement assuming a
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A proposed new investment has projected sales of $557,000. Variable costs are 39 percent of sales, and fixed costs are $131,000; depreciation is $51,000. Prepare a pro forma income statement assuming a tax rate of 24 percent. What is the projected net income? (Input all amounts as positive values. Do not round intermediate calculations.)

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The answer and procedures of the exercise are attached in the following archives.

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You will find the procedures, formulas or necessary explanations in the archive attached below. If you have any question ask and I will aclare your doubts kindly.

A proposed new investment has projected sales of $557,000. Variable costs are 39 percent-example-1
User Adolfojp
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