Homework Answers
| Income Statement | |||||||||
| $ | |||||||||
| Sales | 10,19,000 | ||||||||
| COGS | 5,22,000 | ||||||||
| GP | 4,97,000 | ||||||||
| Dep | 1,03,000 | ||||||||
| EBIT | 3,94,000 | ||||||||
| Tax @ 40% | 1,57,600 | ||||||||
| Earnings | 2,36,400 | ||||||||
Free Cash Flow = Earnings + Depreciation (Non Cash Expense)
= $ 2,36,400 + $1,03,000
= $ 3,39,000/-
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pro forma net profit after taxes for 2019 needed,pro forma
cost of goods sold for 2019 needed, pro forma operating expense for
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