Your pro forma income statement shows sales of $ 1 comma 023 comma 000, cost of goods sold as $ 483 comma 000, depreciation expense of $ 104 comma 000, and taxes of $ 174 comma 400 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 $

cost of goods sold $

gross profit $

depreciation $

ebit $

taxes (40%) $

earnings $

This question require us to complete the pro forma income statement given in the question. The complete income statement pro forma is given below.

Sales $                                                   $ 1,023,000                        

Cost of Goods Sold $                          ($  483,000)

Gross Profit $                                        $ 540,000

Depreciation $                                      ($ 104,000)

EBIT $                                                     $ 436,000

Taxes (40%) $                                        ($ 174,400)

Earnings $                                             $ 261,600

Pro forma earning is 261,600.

Cash flow will be Earning + Depreciation = 261,000 + 104,000 = $ 365,000.

c

explanation:

c because the item on a bank statement is also referred to as an account statement. in addition, it provides the beginning balance, ending balance, statement date, transaction date for each transaction, payee, customer name and address, statement period, the account holder's account number, and the bank's customer service number