What is the company forecast for net income

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Reference no: EM131328190

Bruto's sales for year 2015 were $79.57 millions of dollars. For that year the cost of sales without depreciation was 30%, the value of depreciation was 9% the value of sales, and interest expense was 20 millions of USD.

Assuming that the income tax for the company is 35%, that sales are expected to increase in 35%, and that interest expense will remain constant at the 2015 levels, what is the company's forecast for Net Income in 2016, in millions of dollars?

Please show work.

Reference no: EM131328190

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