Question - Prepare a single-step pro forma income statement for Calcor Company for the year ended November 30, 2009, assuming that Calcor's planned actions would be carried out, and that a 5% increase in unit sales would be realized.
Calculate the following ratios for Calcor Company for the 2008-2009 fiscal year:
Return on sales before interest and taxes.
Turnover of average assets.
Return on average assets before interest and taxes.