Professional Documents
Culture Documents
Assumptions
Accounts Receivable (Days) 18 18 18 18 18 18
Inventory (Days) 73 73 73 73 73 73
Accounts Payable (Days) 37 37 37 37 37 37
Days in a year 365 366 365 365 365 366
Income Statement
Reveneue 26,900,000 29,092,350 31,468,946 34,043,953 36,826,716 39,829,853
Cost of Goods Sold (COGS) 12,192,500 12,872,232 13,589,859 14,347,514 15,147,399 15,991,874
Gross Profit 14,707,500 16,220,118 17,879,087 19,696,439 21,679,317 23,837,978
Operating Expenses
Operating Expense 1 1,000,000 1,025,000 1,050,625 1,076,891 1,103,813 1,131,408
Operating Expense 2 2,000,000 2,050,000 2,101,250 2,153,781 2,207,626 2,262,816
Operating Expense 3 4,000,000 4,100,000 4,202,500 4,307,563 4,415,252 4,525,633
Depreciation & Amortization 800,000 800,000 1,925,000 1,925,000 1,925,000 2,625,000
Total Operating Expense 7,800,000 7,975,000 9,279,375 9,463,234 9,651,690 10,544,857
Earnings Before Interest and Tax 6,907,500 8,245,118 8,599,712 10,233,205 12,027,627 13,293,121
Interest Expense (375,000) (348,493) (319,998) (289,365) (526,435) (445,921)
Earnings Before Tax 6,532,500 7,896,625 8,279,715 9,943,840 11,501,192 12,847,200