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Calculating Projected Net Income

A proposed new investment has projected sales of $740,000. Variable costs are 60% of sales, and fixed costs are $173,000; depreciation is $75,000.

Trying to prepare a pro forma income statement assuming a tax rate of 35%, and figure out the projected net income?

Thanks in advance for your help!

Solution Summary

The solution explains how to calculate the projected net income.

$2.19