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Haskins Inc. reported the following 2017 income statement ($ thousands): 2017 Total Revenue $550,460 Cost of...

Haskins Inc. reported the following 2017 income statement ($ thousands):

2017

Total Revenue

$550,460

Cost of Revenue

262,810

Gross Profit

287,650

Selling, General and Administrative Expenses

95,740

Other Expenses

22,780

Operating Income

$169,130

Forecast 2018 operating income assuming a 2% increase in sales. Assume that the 2017 percentage relation of expenses to total revenue continue to hold in 2018.

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Answer #1

Therefore, the expected operating income in 2018 would be $172,512.60.

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