Using Microsoft Excel to create a 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 moth

That is a good question. This is all of the information that I was given.

Back Week 7: Lab Assignment Submission Types File Upload Submission & Rubric Description Requirements: Using Microsoft Excel to create a 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 moth Submit Assignment