Construct a pro forma income

oev7775@lnubb.pbz
timer Asked: Feb 8th, 2016

Question Description

2- Construct a pro forma income statement for the first year and second year for the following assumptions:

•Units of Sales in Year 1: 100,000.

•Price per Unit: $10.

•Variable cost per unit: 30%.

•Fixed Costs: $120,000.

•Income taxes: 15%.

•Interest Expense: $200,000.

•In year 2, Price per unit increases to $11.50, and unit of sales increases by 3%, all other assumptions remain the same


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