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Financial Statement Analysis Portfolio
The Income Statement for Pumpkin Co. is shown below:

Pumpkin Co.
Income Statement
for the Month Ended October 21, 2010


operating expenses

salary expense
supplies expense
depreciation expense
net income

Pumpkin Co. is about to embark on a project that will have a total cost of $300,000.00 over a 10-year period.

Calculate the expected annual rate of return on this project.

Calculate the cash payback on this project.

I got 10.67 for annual rate of return but i know its wrong.

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