Maxi's Grocery Mart

Pro Forma Income Statement

2008 2009 2010

Sales
Deli $187,500.00 $199,218.75 $214,658.20
Dairy $712,500.00 $757,031.25 $815,701.17
Canned Goods $375,000.00 $398,437.50 $429,316.41
Frozen Foods $825,000.00 $876,562.50 $944,496.09
Meats $787,500.00 $836,718.75 $901,564.45
Produce $468,750.00 $498,046.88 $536,645.51
Dry Goods $337,500.00 $358,593.75 $386,384.77
Video Sales $56,250.00 $59,765.63 $64,397.46
Total Sales $3,750,000.00 $3,984,375.00 $4,293,164.06
Cost of Goods Sold
Deli $93,750.00 $99,609.38 $107,329.10
Dairy $356,250.00 $378,515.63 $407,850.59
Canned Goods $281,250.00 $298,828.13 $321,987.30
Frozen Foods $536,250.00 $569,765.63 $613,922.46
Meats $393,750.00 $418,359.38 $450,782.23
Produce $304,687.50 $323,730.47 $348,819.58
Dry Goods $222,750.00 $236,671.88 $255,013.95
Video Sales $16,875.00 $17,929.69 $19,319.24
Total Cost of Goods Sold $2,205,562.50 $2,343,410.16 $2,525,024.44
Gross Profit $1,544,437.50 $1,640,964.84 $1,768,139.62
Operating Expenses
Sales and Marketing $206,250.00 $219,140.63 $236,124.02
General and Administrative $328,125.00 $348,632.81 $375,651.86
Depreciation $20,000.00 $20,000.00 $20,000.00
Wages $541,000.00 $541,000.00 $541,000.00
Common Costs $185,332.50 $196,915.78 $212,176.75
Total Operating Expenses
Income Before Taxes $263,730.00 $315,275.63 $383,186.99
Income Taxes $92,305.50 $110,346.47 $134,115.45
Net Income $171,424.50 $204,929.16 $249,071.54
 2011

$232,367.50
$882,996.52
$464,735.01
$1,022,417.02
$975,943.52
$580,918.76
$418,261.51
$69,710.25
$4,647,350.10

$116,183.75
$441,498.26
$348,551.26
$664,571.06
$487,971.76
$377,597.20
$276,052.60
$20,913.08
$2,733,338.96
$1,914,011.14

$255,604.26
$406,643.13
$20,000.00
$541,000.00
$229,681.34

$461,082.41
$161,378.84
$299,703.57