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Part I: Recent income statements for a clothing retailer are shown below. Using the information provided on growth rates and relationships within the income statement
Part I: Recent income statements for a clothing retailer are shown below. Using the information provided on growth rates and relationships within the income statement create a forecasted income statement \& balance sheet for the company for Year 4 as shown in columns L \& M, create forecasted financial statements for Year 4. *Assume that all are a percentage of sales unless dollars unless otherwise stated *Assume that all capital expenditures are purchases of property and equipment. Part II: Provide an analysis and interpretation of the following line items within the statements: * Gross Margin * Selling \& administrative expenses * Net income * Return on property, plant \& Equipment * Financing of the organization's assets For the Homework Quiz questions associated with the exercise, you will be instructed to format all answers as positive amounts with commas, rounded to the nearest whole number with no dollar sign in front. Part II: Provide an analysis and interpretation of the following line items within the statements: * Gross Profit Part I: Recent income statements for a clothing retailer are shown below. Using the information provided on growth rates and relationships within the income statement create a forecasted income statement \& balance sheet for the company for Year 4 as shown in columns L \& M, create forecasted financial statements for Year 4. *Assume that all are a percentage of sales unless dollars unless otherwise stated *Assume that all capital expenditures are purchases of property and equipment. Part II: Provide an analysis and interpretation of the following line items within the statements: * Gross Margin * Selling \& administrative expenses * Net income * Return on property, plant \& Equipment * Financing of the organization's assets For the Homework Quiz questions associated with the exercise, you will be instructed to format all answers as positive amounts with commas, rounded to the nearest whole number with no dollar sign in front. Part II: Provide an analysis and interpretation of the following line items within the statements: * Gross Profit
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