Question

Your pro forma income statement shows sales of $956,000​, cost of goods sold as $496,000​, depreciation...

Your pro forma income statement shows sales of $956,000​, cost of goods sold as $496,000​, depreciation expense of $102,000​, and taxes of $143,200 due to a tax rate of 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

$

The pro forma free cash flow will be?

​(Round to the nearest​ dollar.)

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