Income Statement

All figures in millions of U$.$S$.$ Dollar except per share items.

$2.$ Create projected income statements for years $2018,2019,2020,2021,$ and $2022$ based on the historical financial statements as well as the

information provided in the Assumptions worksheet.

FY$2015$ FY$2016$ FY$2017$ FY$2018$ FY$2019$ FY$2020$ FY$2021$ FY$2022$

Net sales $88,51994,595100,904$

Cost of goods sold $-58,254-62,282-66,548$

Gross profit $30,26532,31334,356$

Selling, general and administrative $($SG&A$)-16,801-17,132-17,864$

Depreciation and amortization $-1,690-1,754-1,811$

Operating income $($EBIT$)11,77413,42714,681$

Interest and investment income $1663674$

Interest expense $-919-972-1,057$

Pre$-$Tax Income $11,02112,49113,698$

Income taxes $-4,012-4,534-5,068$

Net earnings $/$ loss $7,0097,9578,630$