Question: Requirements: Using Microsoft Excel to create a 12 month pro-forma income statement based on the following assumptions Sales for first month: $60000 Cost of sales

Requirements: Using Microsoft Excel to create a 12 month pro-forma income

Requirements: Using Microsoft Excel to create a 12 month pro-forma income statement based on the following assumptions Sales for first month: $60000 Cost of sales = 42% of sales, all variable Operating expenses = $10,000 fixed plus 5% of sales Tax rate 30% Sales increased by 5% each month

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