Construct a pro forma income statement for the first year and second year for the following assumptions:
Question;1. Construct a pro forma income statement for the first year and;second year for the following assumptions;?Units of;Sales in Year 1: 110,000.;?Price per;Unit: $11.;?Variable;cost per unit: 25%.;?Fixed;Costs: $129,000.;?Income;taxes: 20%.;?Interest;Expense: $170,000.;?In year 2;Price per unit increases to $13.50, and unit of sales increases by 4%, all;other assumptions remain the same..
Paper#37900 | Written in 18-Jul-2015Price : $22