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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