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Income statement for the most recent year

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Reference no: EM131997847

Allen Products, Inc wants to do a scenario analysis for the upcoming year. The pessimistic prediction for sales is $904,000; the most likely amount of sales is $1,120,000; and the optimistic prediction is $1,282,000. Allen's income statement for the most recent year is show.

Allen Products, Inc. Income Statement for the Year Ended December 31, 2015

Sales revenuse                                  $936,700

Less: cost of good sold                      $420,578

Gross profits                                       $516,122

Less: operating expenses                   $192,024

Operating profist                                  $324,098

Less: interest expense                          31,848

Net profit before taxes                           $292,250

Less: taxes (rate 30%)                           87,675

Net profits after taxes                             $204,575

Reference no: EM131997847

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