Silver Paws Pet Care Center has the following financial information: Current Annual Sales: $24,000 ⚫ Current Profit Margin: 6% Projected Sales Growth: 12% Required Calculate the pro forma (projected) Net Income for the upcoming year.

EBK CONTEMPORARY FINANCIAL MANAGEMENT
14th Edition
ISBN:9781337514835
Author:MOYER
Publisher:MOYER
Chapter4: Financial Planning And Forecasting
Section: Chapter Questions
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Silver Paws Pet Care Center has the following financial information:
Current Annual Sales: $24,000
⚫ Current Profit Margin: 6%
Projected Sales Growth: 12%
Required
Calculate the pro forma (projected) Net Income for the upcoming year.
Transcribed Image Text:Silver Paws Pet Care Center has the following financial information: Current Annual Sales: $24,000 ⚫ Current Profit Margin: 6% Projected Sales Growth: 12% Required Calculate the pro forma (projected) Net Income for the upcoming year.
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