Gadgets and Widgets INC
  Projected Income Statement
Sales Growth
25.00%
20.00%
333330
15.00%
10.00%
Percentage of Sales
  Cost of Goods sold
50.00%
50.00%
45.00%
45.00%
  Rent
3.00%
3.00%
2.50%
2.50%
  Depreciation
15000.00
15000.00
15000.00
18000.00
  Utilities
2.75%
3.00%
3.00%
3.50%
  General Expenses
5.50%
6.00%
6.00%
6.00%
  Advertising
333330
7.50%
8.00%
9.00%
10.00%
Dollar Amounts
  Interest on existing Debt
18000
18000
18000
18000
	Tax Rate
28.00%
333332
30.00%
333332
30.00%
333332
30.00%
H ----------------------------------------------------------------------
	Revenues
400000
500000
600000
690000
759000
  Cost of Goods Sold
200000
250000
300000
310500
341550
Gross Profit
200000
250000
300000
379500
417450
 ----------
  Rent
12000
15000
18000
17250
18975
  Depreciation
15000
15000
15000
15000
18000
  Utilities
11000
13750
18000
20700
26565
  General Expenses
21000
27500
36000
41400
45540
  Advertising
30000
37500
48000
62100
75900
 ----------
  Total Costs
89000
108750
135000
156450
184980
Operating Profit
111000
141250
165000
223050
232470
 ----------
  Interest Expense
18000
18000
18000
18000
18000
Taxable Profit
93000
123250
147000
205050
214470
 ----------
  Income Tax
19000
34510
44100
61515
64341
After Tax Profit
74000
88740
102900
143535
150129
  Dividends
 ----------
Retained Earnings
74000
88740
102900
143535
150129