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Calculating Projected Net Income A proposed new investment has projected sales of $645000 Variable costs are 40 percent of sales and fixed costs are $168000 depreciation is $83000 Prepare a

Calculating Projected Net Income. A proposed new investment has projected sales of $645,000. Variable costs are 40 percent of sales, and fixed costs are $168,000; depreciation is $83,000. Prepare a pro forma income statement assuming a tax rate of 35 percent. What is the projected net income?

May 25 2020 View more View Less

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