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our pro forma income statement shows sales of $ 991 comma 000$991,000, cost of goods sold...
our pro forma income statement shows sales of $ 991 comma 000$991,000, cost of goods sold as $ 510 comma 000$510,000, depreciation expense of $ 99 comma 000$99,000, and taxes of $ 152 comma 800$152,800 due to a tax rate of 40 %40%. What are your pro forma earnings? What is your pro forma free cash flow? Complete the pro forma income statement below: (Round to the nearest dollar.) Sales $ Cost of Goods Sold $ Gross Profit $ Depreciation $ EBIT $ Taxes (40%) $ Earnings $
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Expert Solution
| Sales | $ 991,000 |
| Cost of goods sold | $ 510,000 |
| Gross profit | $ 481,000 |
| Depreciation | $ 99,000 |
| EBIT | $ 382,000 |
| Taxes | $ 152,800 |
| Earnings | $ 229,200 |
| Depreciation | $ 99,000 |
| Free cash flow | $ 328,200 |
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jeff jeffy answered 1 month agoRelated Solutions
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