The PM's directive at this point is for the development of a 24-month pro forma that demonstrates the potential profitability of Hair Wigs to Walmart Inc. income statement. Use the Template below to complete help assist this demonstration.

Walmart's current income statement may be used to project what can be added to the company's profitability. This can be found in the company's 10-K. Look to other companies in the marketplace with products or services similar to the one being proposed above as a basis for the projections.

Additionally, the company's current year numbers and key assumptions may be used based on the analysis of the market to project into the future. These numbers are purely speculative.

Please address the following:

• 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.

24-Month Pro Forma

Please incorporate the appropriate values in each row.

Please provide a brief explanation covering the speculated appropriate assumptions.

Insert the appropriate values in each row. Previous Fiscal Year 24-Month Projections Sales Cost of goods sold S 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