1. Construct a pro forma income statement for the first year and second year for the following assum
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1. Construct a pro forma income statement for the first year and second year for the following assumptions:
o Units of Sales in Year 1: 100,000
o Price per Unit: $10
o Variable cost per unit: 30%
o Fixed Costs: $120,000
o Income taxes: 15%
o Interest Expense: $200,000
o In year 2, Price per unit increases to $11.50, and unit of sales increases by 3%, all other assumptions remain the same.
- Posted: 4 years ago
- Due: 05/01/2016
- Budget: $3
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