A proposed new investment has projected sales of $850,000. Variable costs are 60 percent of sales, and fixed costs are $174,000; depreciation is $75,000. Prepare a pro forma income statement assuming a tax rate of 30 percent. What is the projected net income

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07-01-2021
Business

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A proposed new investment has projected sales of $850,000. Variable costs are 60 percent of sales, and fixed costs are $174,000; depreciation is $75,000. Prepare a pro forma income statement assuming a tax rate of 30 percent. What is the projected net income

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