You just finished a pretty good year with sales of $100,000 and Cost of Goods Sold of $70,000. You are preparing a forecast for the next two years. You assume that sales will grow by 40% per year over the next two years. You also assume your gross margin will stay the same as last year's. Based on this, what is your projected Gross Profit in two years?

Answer rating: 100% (QA)

To calculate the projected Gross Profit in two years we need to first find the Gross Profit for the ... View the full answer