Budgeted Income Statement Putting It All Together: The Budgeted Income Statement Now we are ready to develop a consolidated budget that details a company's projected sales. costs. expenses. and net income. Once you have developed a budgeted income statement. you may be able to examine the profitability of the manufacturing operation. Three margin figures are commonly,r used to quicklyr assess the profitability of the operation: gross margin, operating margin, and net prot margin. The annual gross margin, operating margin and net margin {approximately after rounding} would be: 0 70%. 39%, 42% O 92%. 29%. 52% O None of these O 32%, 49%. 72%