projected income statement assuming sales increase by 6% in 2020.

Oct. 28, 2016	%	Nov. 03, 2017	%	Nov. 02, 2018	%	Nov. 01, 2019	%	Average Percentage		Nov. 02, 2020
$ 140,063		$ 167,223		$ 174,257		$ 188,785
84,850		105,637		117,751		127,121
55,213		61,586		56,506		61,664
44,377		48,816		49,929		52,837
		58		6,236		(290)
10,836		12,828		12,813		8,537
3,066		3,999		6,296		2,053
$ 7,770		$ 8,829		$ 6,517		$ 6,484

AutoSave o 8 Copy of Financial Statements - Bridgford Foods - Excel insert Draw Page Layout Formulas Data Review View Help Search File A Home X Cut == = Bad Good Copy - 2 Wrap Text Merge & Center - Percentage $ % 7 Normal Conditional Formats Check Cell Paste Neutral Linked Cell - 10 - AA 2. 0.A. Font B TU 68-8 Note Explanatory.. Input Formatting Format Painter Clipboard Table Alignment Number Styles HT 1 Consolidated Statements of Operations - USD ($) Sin Thousands UCL ZO, INOV.UZ % Nov 03, 2017 % INOY UI, 104 % Average Percentage Nov. 02, 2020 + $ 140,063 84,850 55,213 44,377 4 Net sales 5 Cost of products sold 6 Gross margin 7 Selling, general and administrative expenses & Gain (loss) on sale of property, plant and equipment 9 Income before taxes 10 Provision for (benefit on) income taxes 11 Net income $ 167,223 105,637 61,586 48,816 58 12,828 3,999 $8,829 $ 174,257 117,751 56,506 49,929 6,236 12,813 6,296 $6,517 $ 188,785 127,121 61,664 52,837 (290) 8,537 2,053 $ 6,484 10,836 3,066 $ 7,770 13 14 15 Enter ratios in columns B, D, F, H, and L NA NA Profit. Margin Ratio Gross Profit (margin) Ratio Return on Assets Return on Equity Inventory Turnover Days Sales in Inventory Receivables Turnover Days Sales in receivables N/A NA NIA NIA Income Statement Balance Sheet AutoSave o 8 Copy of Financial Statements - Bridgford Foods - Excel insert Draw Page Layout Formulas Data Review View Help Search File A Home X Cut == = Bad Good Copy - 2 Wrap Text Merge & Center - Percentage $ % 7 Normal Conditional Formats Check Cell Paste Neutral Linked Cell - 10 - AA 2. 0.A. Font B TU 68-8 Note Explanatory.. Input Formatting Format Painter Clipboard Table Alignment Number Styles HT 1 Consolidated Statements of Operations - USD ($) Sin Thousands UCL ZO, INOV.UZ % Nov 03, 2017 % INOY UI, 104 % Average Percentage Nov. 02, 2020 + $ 140,063 84,850 55,213 44,377 4 Net sales 5 Cost of products sold 6 Gross margin 7 Selling, general and administrative expenses & Gain (loss) on sale of property, plant and equipment 9 Income before taxes 10 Provision for (benefit on) income taxes 11 Net income $ 167,223 105,637 61,586 48,816 58 12,828 3,999 $8,829 $ 174,257 117,751 56,506 49,929 6,236 12,813 6,296 $6,517 $ 188,785 127,121 61,664 52,837 (290) 8,537 2,053 $ 6,484 10,836 3,066 $ 7,770 13 14 15 Enter ratios in columns B, D, F, H, and L NA NA Profit. Margin Ratio Gross Profit (margin) Ratio Return on Assets Return on Equity Inventory Turnover Days Sales in Inventory Receivables Turnover Days Sales in receivables N/A NA NIA NIA Income Statement Balance Sheet