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Pro forma income statement. Given the income statement in the popup window, E, for California Cement Company for 2013 and an expected sales growth rate of 7.38% for 2014, prepare a pro forma income statement for 2014. Net income 3,143,016 Data Table What is the sales forecast for 2014? $ (Round to the nearest dollar.) California Cement Company The pro forma income statement for 2014 is: (Round to the nearest dollar.) Income Statement for 2013 California Cement Company Sales revenue 22,817,00 Pro Forma Income Statement for 2014 Cost of goods sold -11,660,00 Sales revenue 100.00 Selling, general, and administrative expenses -4,002,00 Cost of goods sold 2$ 51.102 Depreciation expenses -1,386,00 EBIT Selling, general, and administrative expenses Depreciation expenses 17,540 5,769,00 6.074 Interest expense -174,00 EBIT 2$ 25.284 9 Taxable income 5,595,00 Interest expense 0.763 Taxes $4 -2,451,98 Taxable income 2$ 24.521 Net income 3,143,01 Taxes 2$ 10.746 Net income 13.775 Print Done Enter any number in the edit fields and then continue to the next question.

Pro forma income statement. Given the income statement in the popup window, E, for California Cement Company for 2013 and an expected sales growth rate of 7.38% for 2014, prepare a pro forma income statement for 2014. Net income 3,143,016 Data Table What is the sales forecast for 2014? $ (Round to the nearest dollar.) California Cement Company The pro forma income statement for 2014 is: (Round to the nearest dollar.) Income Statement for 2013 California Cement Company Sales revenue 22,817,00 Pro Forma Income Statement for 2014 Cost of goods sold -11,660,00 Sales revenue 100.00 Selling, general, and administrative expenses -4,002,00 Cost of goods sold 2$ 51.102 Depreciation expenses -1,386,00 EBIT Selling, general, and administrative expenses Depreciation expenses 17,540 5,769,00 6.074 Interest expense -174,00 EBIT 2$ 25.284 9 Taxable income 5,595,00 Interest expense 0.763 Taxes $4 -2,451,98 Taxable income 2$ 24.521 Net income 3,143,01 Taxes 2$ 10.746 Net income 13.775 Print Done Enter any number in the edit fields and then continue to the next question.

Essentials Of Investments
Essentials Of Investments
11th Edition
ISBN:9781260013924
Author:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Publisher:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Chapter1: Investments: Background And Issues
Section: Chapter Questions
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Pro forma income statement. Given the income statement in the popup window, E, for California Cement Company for 2013 and an expected sales growth rate of 7.38% for 2014, prepare a pro forma income statement for 2014. Net income $ 3,143,016 Data Table What is the sales forecast for 2014? (Round to the nearest dollar.) California Cement Company The pro forma income statement for 2014 is: (Round to the nearest dollar.) Income Statement for 2013 California Cement Company Sales revenue 2$ 22,817,000 Pro Forma Income Statement for 2014 Cost of goods sold -11,660,000 Sales revenue $ 100.00 Selling, general, and administrative expenses -4,002,000 Cost of goods sold $ 51.102 Depreciation expenses 2$ -1,386,000 Selling, general, and administrative expenses $ 17.540 EBIT $ 5,769,000 Depreciation expenses $ 6.074 Interest expense $ -174,000 EBIT $ 25.284 Taxable income 5,595,000 Interest expense $ 0.763 |Таxes $ -2,451,984 Taxable income 24.521 9 Net income 3,143,016 Taxes $ 10.746 Net income $ 13.775 9 Print Done Enter any number in the edit fields and then continue to the next question.
Transcribed Image Text:Pro forma income statement. Given the income statement in the popup window, E, for California Cement Company for 2013 and an expected sales growth rate of 7.38% for 2014, prepare a pro forma income statement for 2014. Net income $ 3,143,016 Data Table What is the sales forecast for 2014? (Round to the nearest dollar.) California Cement Company The pro forma income statement for 2014 is: (Round to the nearest dollar.) Income Statement for 2013 California Cement Company Sales revenue 2$ 22,817,000 Pro Forma Income Statement for 2014 Cost of goods sold -11,660,000 Sales revenue $ 100.00 Selling, general, and administrative expenses -4,002,000 Cost of goods sold $ 51.102 Depreciation expenses 2$ -1,386,000 Selling, general, and administrative expenses $ 17.540 EBIT $ 5,769,000 Depreciation expenses $ 6.074 Interest expense $ -174,000 EBIT $ 25.284 Taxable income 5,595,000 Interest expense $ 0.763 |Таxes $ -2,451,984 Taxable income 24.521 9 Net income 3,143,016 Taxes $ 10.746 Net income $ 13.775 9 Print Done Enter any number in the edit fields and then continue to the next question.
Pro forma income statement. Given the income statement in the popup window, E, for California Cement Company for 2013 and an expected sales growth rate of 7.38% for 2014, prepare a pro forma income statement for 2014. First, find the percentage of each income statement line from 2013 as a percent of sales Data Table California Cement Company Income Statement for 2013 California Cement Company Sales revenue Cost of goods sold $ 22,817,000 Income Statement for 2013 $ -11,660,000 Selling, general, and administrative expenses $ -4,002,000 Sales revenue $ 22,817,000 Depreciation expenses $ -1,386,000 Cost of goods sold 2$ -11,660,000 EBIT $ 5,769,000 Selling, general, and administrative expenses -4,002,000 Interest expense $ -174,000 Depreciation expenses 2$ -1,386,000 EBIT $ 5,769,000 Taxable income |Тахes $ 5,595,000 $ -2,451,984 Interest expense -174,000 Net income Taxable income $ 3,143,016 $ 5,595,000 |Таxes 2$ -2,451,984 What is the sales forecast for 2014? Net income 2$ 3,143,016 $ (Round to the nearest dollar.) The pro forma income statement for 2014 is: (Round to the nearest dollar.) Print Done
Transcribed Image Text:Pro forma income statement. Given the income statement in the popup window, E, for California Cement Company for 2013 and an expected sales growth rate of 7.38% for 2014, prepare a pro forma income statement for 2014. First, find the percentage of each income statement line from 2013 as a percent of sales Data Table California Cement Company Income Statement for 2013 California Cement Company Sales revenue Cost of goods sold $ 22,817,000 Income Statement for 2013 $ -11,660,000 Selling, general, and administrative expenses $ -4,002,000 Sales revenue $ 22,817,000 Depreciation expenses $ -1,386,000 Cost of goods sold 2$ -11,660,000 EBIT $ 5,769,000 Selling, general, and administrative expenses -4,002,000 Interest expense $ -174,000 Depreciation expenses 2$ -1,386,000 EBIT $ 5,769,000 Taxable income |Тахes $ 5,595,000 $ -2,451,984 Interest expense -174,000 Net income Taxable income $ 3,143,016 $ 5,595,000 |Таxes 2$ -2,451,984 What is the sales forecast for 2014? Net income 2$ 3,143,016 $ (Round to the nearest dollar.) The pro forma income statement for 2014 is: (Round to the nearest dollar.) Print Done
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