Chewys income statement to project what can be added to the company's profitability. This can be found in the company's 10-K. Additionally, you may use the company's current year numbers and key assumptions based on your analysis of the market to project into the future. Remember, these numbers are purely speculative.

• Previous fiscal year: Identify historical information for the previous fiscal year.
• 24-month projections: Speculate projections for 24 months.
• Explanation of assumptions: Explain how you were able to speculate appropriate assumptions.

Insert the appropriate values in each row.

	Previous Fiscal Year	24-Month Projections
Sales	$	$
Cost of goods sold	$	$
Gross profit	$	$
Selling expenses	$	$
Administrative expenses	$	$
Total operating expense	$	$
Income from operations	$	$
Other income	$	$
Income before tax and interest	$	$
Other expense (interest)	$	$
Income before income tax	$	$
Income tax expense	$	$
Net income	$	$

Explanation of Assumptions

[Insert one to two paragraphs explaining how you speculated appropriate assumptions.]