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    ceetwain Posts: 3, Reputation: 1
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    Mar 3, 2013, 03:50 PM
    pro forma income statement
    Construct a pro forma income statement for the first year and second year for the following assumptions:

    Units of Sales in Year 1: 110,000 .
    •Price per Unit: $11 .
    •Variable cost per unit: 30% .
    •Fixed Costs: $125,000 .
    •Income taxes: 15% .
    •Interest Expense: $200,000 .
    •In year 2, Price per unit increases to $11.50, and unit of sales increases by 5%, all other assumptions remain the same

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