mg495

posted by .

You learn that 25 percent of the cost of goods sold and operating expense figures for 2009 are fixed costs that will not change in 2010. Reconstruct the pro forma income statement.

Respond to this Question

First Name
School Subject
Your Answer

Similar Questions

  1. comprehensive income

    Can I please have help with the following problem. Bee Spears Clothing Stores reported sales of $250,000 cost of goods sold of $150,000, operating expenses of $25,000, income tax expense rate of 30% in calendar year 2006, and an unrealized …
  2. Accounting

    Given the following information for the fiscal year ended June 30, 2001: Product sales: 28,189,612 Service sales: 11,688,793 Cost of goods sold- products: 10,633,956 Cost of goods sold- services: 5,869,106 Operating expense: 14,904,460 …
  3. fiance

    Use the following statistics from Robert Morris Associates' Annual Statement Studies to answer the following question(s). Net sales 100.0 percent Cost of sales 59.9 percent Gross profit 40.1 percent Operating expenses 31.2 percent …
  4. accounting

    Express the following comparative income statements in common- size percents and assess whether or not this company’s situation has improved in the most recent year. 5 points) MULAN CORPORATION Comparative Income Statements For Years …
  5. accountyin question

    how does one prepare a pro forma income with different assumptions given the numbers for current year sales revenue 2,000,000 Cost of goods sold 1,400,000 Gross profit 600,000 Selling & admin.expenses 260,000 Net income 340,000 Cost …
  6. accounting

    Income Statement Data: This year Last year Revenue $150,000 $120,000 Cost of Goods Sold $90,000 $60,000 Operating Income $10,000 $5,000 Income Tax Expense $1,800 $500 Based on a horizontal analysis of the data, which statement correctly …
  7. Fiance

    Use your knowledge of income statements to fill in the missing items: Sales Cost of goods sold $575,000 Gross profit $1,600,000 General and administrative expense $200,000 Selling and marketing expense $ Depreciation $50,000 Operating …
  8. Finance

    P5. Use your knowledge of income statements to fill in the missing items: SALES - $------ COST OF GOODS SOLD - $575,000 GROSS PROFIT - $1,600,000 GENERAL AND ADMINISTRATIVE EXPENSE - $200,000 SELLING AND MARKETING EXPENSE - $------ …
  9. Fundamentals of finance

    "Genatron wants to estimate what will happen to its income before interest and taxes if its net sales change from the 2012 level of $1,500,000. Refer to Genatron’s 2012 income statement below, where the income before interest and …
  10. Fundamentals of finance

    "Genatron wants to estimate what will happen to its income before interest and taxes if its net sales change from the 2012 level of $1,500,000. Refer to Genatron’s 2012 income statement below, where the income before interest and …

More Similar Questions