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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 7.49% 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 Sales revenue $ 22,845,000 California Cement Company Cost of goods sold $ -11,643,000 Income Statement for 2013 Selling, general, and administrative expenses $ -4,073,000 Sales revenue $ 22,845,000 Depreciation expenses $ -1,345,000 Cost of goods sold -11,643,000 $ EBIT $ 5,784,000 Selling, general, and administrative expenses -4,073,000 $ %24 Interest expense $ -174,000 Depreciation expenses -1,345,000 $ Taxable income $ 5,610,000 EBIT 5,784,000 $ |Тахes $ -2,458,558| Interest expense -174,000 $ Net income $ 3,151,442 Taxable income 5,610,000 $ |Таxes 2$ -2,458,558 Net income $ 3,151,442

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 7.49% 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 Sales revenue $ 22,845,000 California Cement Company Cost of goods sold $ -11,643,000 Income Statement for 2013 Selling, general, and administrative expenses $ -4,073,000 Sales revenue $ 22,845,000 Depreciation expenses $ -1,345,000 Cost of goods sold -11,643,000 $ EBIT $ 5,784,000 Selling, general, and administrative expenses -4,073,000 $ %24 Interest expense $ -174,000 Depreciation expenses -1,345,000 $ Taxable income $ 5,610,000 EBIT 5,784,000 $ |Тахes $ -2,458,558| Interest expense -174,000 $ Net income $ 3,151,442 Taxable income 5,610,000 $ |Таxes 2$ -2,458,558 Net income $ 3,151,442

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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Chapter 12, Question 6

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 7.49% 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 Sales revenue $ 22,845,000 California Cement Company Cost of goods sold $ -11,643,000 Income Statement for 2013 Selling, general, and administrative expenses $ -4,073,000 Sales revenue $ 22,845,000 Depreciation expenses -1,345,000 Cost of goods sold $ -11,643,000 EBIT $ 5,784,000 Selling, general, and administrative expenses -4,073,000 2$ Interest expense $ -174,000 Depreciation expenses -1,345,000 Taxable income Taxes Net income $ 5,610,000 EBIT $ 5,784,000 $ -2,458,558 Interest expense -174,000 $ 3,151,442 Taxable income 5,610,000 Taxes -2,458,558 Net income 3,151,442 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 7.49% 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 Sales revenue $ 22,845,000 California Cement Company Cost of goods sold $ -11,643,000 Income Statement for 2013 Selling, general, and administrative expenses $ -4,073,000 Sales revenue $ 22,845,000 Depreciation expenses -1,345,000 Cost of goods sold $ -11,643,000 EBIT $ 5,784,000 Selling, general, and administrative expenses -4,073,000 2$ Interest expense $ -174,000 Depreciation expenses -1,345,000 Taxable income Taxes Net income $ 5,610,000 EBIT $ 5,784,000 $ -2,458,558 Interest expense -174,000 $ 3,151,442 Taxable income 5,610,000 Taxes -2,458,558 Net income 3,151,442 Print Done
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