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Unformatted text preview: Income taxes 120 27.91% 447.96 Net income $ 310 CALC 1,157 CALC Note: You could easily change the $ sign to £ and the result would be the same. Change, keep, or add numbers here based on yo assumptions Assumptions: Ending cash + forecasted net income + depreciation No change Reduce by current year depreciation Same as total equity and liabilities No change No change No change Last year + forecasted net income Prepare income statement first. Input forecasted revenues here. The expense ratio is the same as in CY 2008 The expense ratio is the same as in CY 2008 No change from last year. Taxes based on taxable income our...
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- Spring '12
- Balance Sheet, Net Income, Generally Accepted Accounting Principles, gross margin, Taxes Income taxes, margin Depreciation expense