Help with finance assignment

Question

XYB company sales last year was $10,000, gross profit margin was 30%, operating margin was 20%, before tax profit margin was 10%, and net profit margin was 5%. Construct a pro forma income statement if next year’s sales is expected to increase to $20,000.

Answer 1

Sales                           $20,000   - 100%

CGS                              14,000   -   70%

Gross Profit                   $6,000 -      30%

SG&A/exp                       4,000 -      20%

Gross Profit before tax     $2000       10%

Taxes                             $1,000       5%

Net Income after tax        $1,000      5%