# accounting

Financial Statement Analysis Portfolio

The Income Statement for Pumpkin Co. is shown below:

Pumpkin Co.IncomeStatement
for the Month Ended October 21, 2010

revenues- blank

sales
\$120,000.00

operating expenses-blank

salary expense
\$10,000.00

supplies expense
\$14,000.00

depreciation expense
\$4,000.00

net income
\$92,000.00

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

1. Calculate the expected annual rate of return on this project.

2.Calculate the cash payback on this project.

1. 👍
2. 👎
3. 👁

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