Percentage sales, management homework help

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	$8,334.00
Cost of Sales	$5,458.00
Gross Margin	$2,876.00
Operating expenses:
R & D	$525.00
Selling, General, and Administrative	$691.00
In‐process R & D	‐‐‐‐‐‐‐‐‐
Restructuring costs	‐‐‐‐‐‐‐‐‐
Total Operating Exp	$1,216.00
Operating income	$1,660.00
Total interest and other Income net	$194.00
Income before provision for Income taxes	$1,854.00
Provision for income Taxes (15%)	$278.10
Net income	$1,575.90