Assignment #5A

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acme_proforma_income_statement.xlsx

Sheet1

Acme International
Proforma Income Statements
Year 1 Year 2 Year 3 Year 4 Year 5 Year 6
Sales revenue $ 580,000.00 $ 609,000.00 $ 639,400.00 $ 671,000.00 $ 745,500.00 $ 782,000.00
Less: Operating expenses $ 320,000.00 $ 336,000.00 $ 352,800.00 $ 370,400.00 $ 389,000.00 $ 408,500.00
Less: Depreciation expense $ 60,000.00 $ 60,000.00 $ 60,000.00 $ 60,000.00 $ 60,000.00 $ 60,000.00
Net income $ 200,000.00 $ 213,000.00 $ 226,600.00 $ 240,600.00 $ 296,500.00 $ 313,500.00
Initial cost of the investment: $ 600,000.00
Salvage value at the end of year 6: $ 60,000.00

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