Dexter Company reported the following 2017 income statement
Forecast Dexter's income statement assuming a 5% increase in sales, a 37% effective tax rate, and a continuation of the 2017 percentage relation to net sales for expenses except for interest where the company projects no change.

Question

Dexter Company reported the following 2017 income statement 
  Forecast Dexter's income statement assuming a 5% increase in sales, a 37% effective tax rate, and a continuation of the 2017 percentage relation to net sales for expenses except for interest where the company projects no change.

Quizplus · Accepted Answer

The Answer of Dexter Company reported the following 2017 income statement 
  Forecast Dexter's income statement assuming a 5% increase in sales, a 37% effective tax rate, and a continuation of the 2017 percentage relation to net sales for expenses except for interest where the company projects no change.

Dexter Company Reported the Following 2017 Income Statement