Pro forma income statement. Given the income statement in the popup window, : , for...
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Pro forma income statement. Given the income statement in the popup window, : , for California Cement Company for 2013 and an expected sales growth rate of 6.86% 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. (Round to three decimal places.) California Cement Company Income Statement for 2013 Sales revenue $ 22,819,000 $ -11,665,000 % Cost of goods sold Selling, general, and administrative expenses Depreciation expenses $ -3,968,000 % $ -1,326,000 % EBIT $ 5,860,000 % % Interest expense $ -176,000 Taxable income $ % 5,684,000 -2,490,9881 Taxes $ % Net income $ 3,193,012 % What is the sales forecast for 2014? $(Round to the nearest dollar.) What is the sales forecast for 2014? (Round to the nearest dollar.) The pro forma income statement for 2014 is: (Round to the nearest dollar.) $ $ 100.00 % 51.120 % $ 17.389 % California Cement Company Pro Forma Income Statement for 2014 Sales revenue Cost of goods sold Selling, general, and administrative expenses Depreciation expenses |EBIT Interest expense $ Taxable income Taxes Net income $ 5.811 % 25.680 % 0.771 % 24.909 % 10.916 % $ $ $ 13.993 % Enter any number in the edit fields and then continue to the next
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