Question: I would like as much help as possible please. Thank you. Part L. Project the Income Statement for 2015 and 2016 usine the assumptions to


Part L. Project the Income Statement for 2015 and 2016 usine the assumptions to the right. For COGS, use a regression against sales UWIESS the equation as a whole is not sienificant at the 5% level. If the regresion equation as a whole is NOT significant, use the 2014 COGS as a percent of sales to forecast the 20152016 COCS. \begin{tabular}{|l|r|r|} \hline & & \\ \hline & INCOME STATEMENTS & \\ \hline 0 & & 2015 \\ \hline 1 & Net Sales & 1250000 \\ \hline 2 & Cost of Goods Sold & \\ \hline 3 & Gross Profit \\ \hline 4 & \\ \hline 5 & Rent \\ \hline 6 & Non-Cash Expense \\ \hline 7 & Other Oper. Expenses & \\ \hline 8 & Total Oper. Expenses \\ \hline & \\ \hline & Operating Income \\ \hline & Interest Expense \\ \hline & Taxable Income \\ \hline & Taxes (40\%) \\ \hline Net Income \end{tabular} Part L. Project the Income Statement for 2015 and 2016 usine the assumptions to the right. For COGS, use a regression against sales UWIESS the equation as a whole is not sienificant at the 5% level. If the regresion equation as a whole is NOT significant, use the 2014 COGS as a percent of sales to forecast the 20152016 COCS. \begin{tabular}{|l|r|r|} \hline & & \\ \hline & INCOME STATEMENTS & \\ \hline 0 & & 2015 \\ \hline 1 & Net Sales & 1250000 \\ \hline 2 & Cost of Goods Sold & \\ \hline 3 & Gross Profit \\ \hline 4 & \\ \hline 5 & Rent \\ \hline 6 & Non-Cash Expense \\ \hline 7 & Other Oper. Expenses & \\ \hline 8 & Total Oper. Expenses \\ \hline & \\ \hline & Operating Income \\ \hline & Interest Expense \\ \hline & Taxable Income \\ \hline & Taxes (40\%) \\ \hline Net Income \end{tabular}
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