Simplified income statement method of forecasting

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Reference no: EM131910977

Security analysts following the Witczak Corporation use a simplified income statement method of forecasting. Assume that current sales are $30 million and are expected to grow by 10.5 percent in year 1 and 2. The aftertax profit margin is projected at 7.0 percent in year 1 and 7.2 percent in year 2. The number of shares outstanding is anticipated to be 450,000 for year 1 and 500,000 for year 2. Project earnings per share for the next two years.

Reference no: EM131910977

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