Net sales
Cost of Sales
Gross Profit
General Expenses
Operating Income
Interest Expense
Loss on sale of equipment
Income before Tax expense
Income tax expense
Net Income
Income Statement ended 12/31
2021
2020
2019
3980
3750
3400
3100
2950
2700
880
800
700
640
590
510
240
210
190
20
15
15
5
0
4
215
195
171
50
40
36
165
155
135
Create 3 scenarios for year ending 12/31/22
Scenario 1 (20 points)
Net sales increase by the average of the 3 previous years
Cost of sales decrease by 10% of the amount in year 2021
General Expense went up by 5%
Other expenses and Income remain the same.
Indicate what the Total Expenses, Profits and Profit % are for the scenario after applying the
new values.
Scenario 2 (20 points)
Net sales increase by 20% of the previous year
Cost of sales increase by 10% of the previous year.
General Expense went up by 15%
Other expenses and Income remain the same
Indicate what the Total Expenses, Profits and Profit % are for the scenario after applying the
new values.
Scenario 3 (60 points)
You decide what the expenses and revenue should be:
Indicate what the Total Expenses, Profits and Profit % are for the scenario after applying the
new values.
What to submit:
Your workbook with the usual naming convention.
All cells must be formatted
All worksheets must be named appropriately i.e., Scenario 1, Scenario 2 etc. In separate
worksheet.