Question: Pro Forma Income Statement for Ideko, 2005 - 2010 Year 2005 2006 2007 2008 2009 2010 75,000 88,358 103,234 119,777 138,149 158,526 Income Statement ($

Pro Forma Income Statement for Ideko, 2005 - 2010 Year 2005 2006 2007 2008 2009 2010 75,000 88,358 103,234 119,777 138,149 158,526 Income Statement ($ 000) 1 Sales 2 Cost of Goods Sold 3. Raw Materials 4 Direct Labor Costs 5 Gross Profit 6 Sales and Marketing (16,000) (18,665) (21,593) (24,808) (28,333) (32,193) (18,000) (21,622) (25,757) (30,471) (35,834) (41,925) 41,000 48,071 55,883 64,498 73,982 84,407 (11,250) (14,579) (18,582) (23,356) (27,630) (31,705) 7 Administrative 8 EBITDA 9 Depreciation 10 EBIT 11 Interest Expense (net) 12 Pre-tax Income 13 Income Tax 14 Net Income (13,500) (13,254) (15,485) (16,769) (17,959) 16,250 20,238 21,816 24,373 28,393 (5500) (5450) (5405) (6865) (7678) 10,750 14,788 16,411 17,508 20,715 (75) (6800) (6800) (6800) (7820) 10,675 7988 9611 10,708 12,895 (3736) (2796) (3364) (3748) (4513) 6939 5193 6247 6960 8382 (20,608) 32,094 (7710) 24,383 (8160) 16,223 (5678) 10,545 The amount of the increase in net working capital for Ideko in 2008 is closest to: Pro Forma Income Statement for Ideko, 2005 - 2010 Year 2005 2006 2007 2008 2009 2010 75,000 88,358 103,234 119,777 138,149 158,526 Income Statement ($ 000) 1 Sales 2 Cost of Goods Sold 3. Raw Materials 4 Direct Labor Costs 5 Gross Profit 6 Sales and Marketing (16,000) (18,665) (21,593) (24,808) (28,333) (32,193) (18,000) (21,622) (25,757) (30,471) (35,834) (41,925) 41,000 48,071 55,883 64,498 73,982 84,407 (11,250) (14,579) (18,582) (23,356) (27,630) (31,705) 7 Administrative 8 EBITDA 9 Depreciation 10 EBIT 11 Interest Expense (net) 12 Pre-tax Income 13 Income Tax 14 Net Income (13,500) (13,254) (15,485) (16,769) (17,959) 16,250 20,238 21,816 24,373 28,393 (5500) (5450) (5405) (6865) (7678) 10,750 14,788 16,411 17,508 20,715 (75) (6800) (6800) (6800) (7820) 10,675 7988 9611 10,708 12,895 (3736) (2796) (3364) (3748) (4513) 6939 5193 6247 6960 8382 (20,608) 32,094 (7710) 24,383 (8160) 16,223 (5678) 10,545 The amount of the increase in net working capital for Ideko in 2008 is closest to
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