3. Use the Percentage Sales Method and a 20% increase in sales to forecast Apples' Consolidated Statement of Operations for the period September 26, 2004 through September 25, 2005. Assume a 15% tax rate and restructuring costs of 2% of the new sales figure.
4. Discuss your results from question number #3. What assumptions have you made? Do any of your assumptions seem unreasonable?
The solution forecasts Consolidated Statement of Operations using Percentage Sales Method.