Your pro forma income statement shows sales of $982,000, cost of goods sold as $482,000, depreciation expense of $104,000, and taxes of $99,000 due to a tax rate of 25%. What are your pro forma earnings? What is your pro forma free cash flow?

Intermediate Accounting: Reporting And Analysis
3rd Edition
ISBN:9781337788281
Author:James M. Wahlen, Jefferson P. Jones, Donald Pagach
Publisher:James M. Wahlen, Jefferson P. Jones, Donald Pagach
Chapter5: The Income Statement And The Statement Of Cash Flows
Section: Chapter Questions
Problem 1RE: Brandt Corporation had sales revenue of 500,000 for the current year. For the year, its cost of...
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Your pro forma income statement shows sales of $982,000, cost of goods sold as $482,000, depreciation expense of $104,000, and taxes of $99,000 due to a tax rate of 25%. What are your pro forma earnings? What is your pro forma free cash flow? The pro forma free cash will be $___? (round to the nearest dollar)
Your pro forma income statement shows sales of $982,000, cost of goods sold as $482,000, depreciation expense of $104,000, and taxes of $99,000 due to a tax
rate of 25%. What are your pro forma earnings? What is your pro forma free cash flow?
Complete the pro forma income statement below: (Round to the nearest dollar.)
Sales
%24
Cost of Goods Sold
2$
Gross Profit
$
Depreciation
2$
EBIT
2$
Taxes (25%)
Earnings
24
Transcribed Image Text:Your pro forma income statement shows sales of $982,000, cost of goods sold as $482,000, depreciation expense of $104,000, and taxes of $99,000 due to a tax rate of 25%. What are your pro forma earnings? What is your pro forma free cash flow? Complete the pro forma income statement below: (Round to the nearest dollar.) Sales %24 Cost of Goods Sold 2$ Gross Profit $ Depreciation 2$ EBIT 2$ Taxes (25%) Earnings 24
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