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  3. your pro forma income statement shows sales of $96

Your pro forma income statement shows sales of $967,000, cost of goods sold as $482,000,...

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Your pro forma income statement shows sales of $967,000, cost of goods sold as $482,000, depreciation expense of $104,000, and taxes of $95,250 due to a tax rate of 25%. 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 Cost of Goods Sold Gross Profit $ Depreciation EBIT $ Taxes (25%) Earnings $

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