Oakmont Corporation reported the following 2017 income statement (in millions):
Forecast the 2018 income statement for Oakmont Corporation assuming a 3% increase in net sales and a continuation of the 2017 gross profit margin and percentage relation to net sales for each of the other expenses except for interest expense which will remain the same.

Question

Oakmont Corporation reported the following 2017 income statement (in millions):
  Forecast the 2018 income statement for Oakmont Corporation assuming a 3% increase in net sales and a continuation of the 2017 gross profit margin and percentage relation to net sales for each of the other expenses except for interest expense which will remain the same.

Quizplus · Accepted Answer

The Answer of Oakmont Corporation reported the following 2017 income statement (in millions):
  Forecast the 2018 income statement for Oakmont Corporation assuming a 3% increase in net sales and a continuation of the 2017 gross profit margin and percentage relation to net sales for each of the other expenses except for interest expense which will remain the same.

Oakmont Corporation Reported the Following 2017 Income Statement (In Millions)