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if sales are Expected to grow 20% in 2016 which of the following would be the most reasonable estimate for gross profit. PLEASE show your

if sales are Expected to grow 20% in 2016 which of the following would be the most reasonable estimate for gross profit. PLEASE show your work

for years ending 12/31 2013 2014 2015
NET SALES $ 16,230.00 $ 20,355.00 $ 23,505.00
COST OF SALES $ 9,430.00 $ 11,898.00 $ 13,612.00
GROSS PROFIT $ 6,800.00 $ 8,457.00 $ 9,893.00
SG&A EXPENSES $ 5,195.00 $ 6,352.00 $ 7,471.00
DEPRECIATION $ 160.00 $ 180.00 $ 213.00
NET INTEREST EXPENSE $ 119.00 $ 106.00 $ 94.00
PRE-TAX INCOME $ 1,326.00 $ 1,819.00 $ 2,115.00
INCOME TAX $ 546.00 $ 822.00 $ 925.00
NET INCOME $ 780.00 $ 997.00 $ 1,190.00
DIVIDENDS $ 155.00 $ 200.00 $ 240.00
ASSETS
CASH $ 508.00 $ 609.00 $ 706.00
ACCOUNTS RECIEVABLE $ 2,545.00 $ 3,095.00 $ 3,652.00
INVENTORIES $ 1,630.00 $ 1,838.00 $ 2,190.00
TOTAL CURRENT ASSETS $ 4,683.00 $ 5,542.00 $ 6,548.00
GROSS PLANT & EQUIPMENT $ 3,232.00 $ 3,795.00 $ 4,163.00
ACCUMULATED DEPRECIATION $ 1,335.00 $ 1,515.00 $ 1,728.00
NET PLANT & EQUIPEMENT $ 1,897.00 $ 2,280.00 $ 2,435.00
TOTAL ASSETS $ 6,580.00 $ 7,822.00 $ 8,983.00
LIABILITIES
CURRENT MATURIES OF LONG TTERM DEBT $ 125.00 $ 125.00 $ 125.00
ACCOUNTS PAYABLE $ 1,042.00 $ 1,325.00 $ 1,440.00
ACURED EXPENSE $ 1,145.00 $ 1,432.00 $ 1,653.00
TOTAL CURRENT LIABILITIES $ 2,312.00 $ 2,882.00 $ 3,218.00
LONG TERM DEBT 1000 875 750
COMMON STOCK $ 1,135.00 $ 1,135.00 $ 1,135.00
RETAINED EARNINGS $ 2,133.00 $ 2,930.00 $ 3,890.00
TOTAL SHAREHOLDERS EQUITY $ 3,283.00 $ 4,055.00 $ 5,016.00
TOTAL LIABITITIES AND EQUITY $ 6,580.00 $ 7,822.00 $ 8,983.00

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