Use the Percentage Sales Method and a 25% increase in sales to forecast Micro Chip’s Consolidated Statement of Operations for the period of September 26, 2008 through September 25, 2009. Assume a 15% tax rate and restructuring costs of 5% of the new sales figure. 2. Discuss your results from question number #1. What assumptions have you made? Do any of your assumptions seem unreasonable?
September 25, 2008 Sales
Cost of Sales
R & D
Selling, General, and Administrative
In‐process R & D
Total Operating Exp
Total interest and other Income net
Income before provision for Income taxes
Provision for income Taxes (15%)
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