A company manufactures in a foreign country and sells only to US customers so that revenue is in USD and variable costs are in foreign currency (FC). The company anticipates the following results in the coming year:

• Sales of 7,500 units

• Price of $250 per unit

• Per unit cost of FC310 per unit

• Exchange rate of 1.50 FC/$

• Additional fixed costs of $150,000

• No interest expense (100% equity capital structure)

• Income tax rate of 25%

  Build an income statement for the company using these figures.

• What are the anticipated net income and profit margin for the coming year?

• What is the breakeven number of units sold?