Business
Business, 08.04.2020 03:32, alizeleach0123

Your pro forma income statement shows sales of $ 1 comma 000 comma 000, cost of goods sold as $ 500 comma 000, depreciation expense of $ 100 comma 000, and taxes of $ 160 comma 000 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 $ 1000000 Cost of Goods Sold $ (500000) Gross Profit $ 500000 Depreciation $ (100000) EBIT $ 400000 Taxes (40%) $ (160000) Earnings $ 240000 The pro forma free cash flow will be $

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Your pro forma income statement shows sales of $ 1 comma 000 comma 000, cost of goods sold as $ 500...

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