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