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Table 7.7 Spreadsheet Pro Forma Income Statement for Карра, 2021-2026 Year 2021 2022 2023 2024 2025 2026 Income Statement ($ 000) 1 Sales 75,000 88,358 103,234 119,777 138,149 158,526 2 Cost of Goods Sold 3 Raw Materials (16,000) (18,665) (21,593) (24,808) (28,333) (32,193)| 4 Direct Labor Costs (18,000) (21,622) (25,757) (30,471) (35,834) (41,925) 5 Gross Profit 41,000 48,071 55,883 64,498 73,982 84,407 6 Sales and Marketing 7 Administrative 8 EBITDA 9 Depreciation (11,250) (14,579) (18,582) (23,356) (27,630) (31,705) (13,500) (13,254) (15,485) (16,769) (17,959) (20,608) 16,250 20,238 21,816 24,373 28,393 32,094 (5,500) (5,450) (5,405) (6,865) (7,678) (7,710) 10 EBIT 10,750 14,788 16,411 17,508 20,715 24,383 11 Interest Expense (net) (75) (6,800) (6,800) (6,800) (7,820) (8,160) 12 Pretax Income 10,675 7,988 9,611 (3,364) 10,708 12,895 16,223 13 Income Tax (3,736) (2,796) (3,748) (4,513) (5,678) 14 Net Income 6,939 5,193 6,247 6,960 8,382 10,545

Table 7.7 Spreadsheet Pro Forma Income Statement for Карра, 2021-2026 Year 2021 2022 2023 2024 2025 2026 Income Statement ($ 000) 1 Sales 75,000 88,358 103,234 119,777 138,149 158,526 2 Cost of Goods Sold 3 Raw Materials (16,000) (18,665) (21,593) (24,808) (28,333) (32,193)| 4 Direct Labor Costs (18,000) (21,622) (25,757) (30,471) (35,834) (41,925) 5 Gross Profit 41,000 48,071 55,883 64,498 73,982 84,407 6 Sales and Marketing 7 Administrative 8 EBITDA 9 Depreciation (11,250) (14,579) (18,582) (23,356) (27,630) (31,705) (13,500) (13,254) (15,485) (16,769) (17,959) (20,608) 16,250 20,238 21,816 24,373 28,393 32,094 (5,500) (5,450) (5,405) (6,865) (7,678) (7,710) 10 EBIT 10,750 14,788 16,411 17,508 20,715 24,383 11 Interest Expense (net) (75) (6,800) (6,800) (6,800) (7,820) (8,160) 12 Pretax Income 10,675 7,988 9,611 (3,364) 10,708 12,895 16,223 13 Income Tax (3,736) (2,796) (3,748) (4,513) (5,678) 14 Net Income 6,939 5,193 6,247 6,960 8,382 10,545

FINANCIAL ACCOUNTING
FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
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Table 7.7 Spreadsheet Pro Forma Income Statement for Карра, 2021-2026 Year 2021 2022 2023 2024 2025 2026 Income Statement ($ 000) 1 Sales 75,000 88,358 103,234 119,777 138,149 158,526 2 Cost of Goods Sold 3 Raw Materials (16,000) (18,665) (21,593) (24,808) (28,333) (32,193) 4 Direct Labor Costs (18,000) (21,622) (25,757) (30,471) (35,834) (41,925) 5 Gross Profit 41,000 48,071 55,883 64,498 73,982 84,407 6 Sales and Marketing 7 Administrative 8 EBITDA 9 Depreciation 10 EBIT (11,250) (14,579) (18,582) (23,356) (27,630) (31,705) (13,500) (13,254) (15,485) (16,769) (17,959) (20,608) 16,250 20,238 21,816 24,373 28,393 32,094 (5,500) 10,750 (6,865) 17,508 20,715 24,383 (5,450) (5,405) (7,678) (7,710) 14,788 16,411 11 Interest Expense (net) (75) (6,800) (6,800) (6,800) (7,820) (8,160) 12 Pretax Income 10,675 7,988 9,611 10,708 12,895 16,223 13 Income Tax (3,736) (2,796) (3,364) (3,748) (4,513) (5,678) 14 Net Income 6,939 5,193 6,247 6,960 8,382 10,545
Transcribed Image Text:Table 7.7 Spreadsheet Pro Forma Income Statement for Карра, 2021-2026 Year 2021 2022 2023 2024 2025 2026 Income Statement ($ 000) 1 Sales 75,000 88,358 103,234 119,777 138,149 158,526 2 Cost of Goods Sold 3 Raw Materials (16,000) (18,665) (21,593) (24,808) (28,333) (32,193) 4 Direct Labor Costs (18,000) (21,622) (25,757) (30,471) (35,834) (41,925) 5 Gross Profit 41,000 48,071 55,883 64,498 73,982 84,407 6 Sales and Marketing 7 Administrative 8 EBITDA 9 Depreciation 10 EBIT (11,250) (14,579) (18,582) (23,356) (27,630) (31,705) (13,500) (13,254) (15,485) (16,769) (17,959) (20,608) 16,250 20,238 21,816 24,373 28,393 32,094 (5,500) 10,750 (6,865) 17,508 20,715 24,383 (5,450) (5,405) (7,678) (7,710) 14,788 16,411 11 Interest Expense (net) (75) (6,800) (6,800) (6,800) (7,820) (8,160) 12 Pretax Income 10,675 7,988 9,611 10,708 12,895 16,223 13 Income Tax (3,736) (2,796) (3,364) (3,748) (4,513) (5,678) 14 Net Income 6,939 5,193 6,247 6,960 8,382 10,545
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