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Southern New Hampshire University *

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400

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Business

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Apr 3, 2024

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docx

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1 6-3 Assignment: 24-Month Pro Forma Mykalah Draine Southern New Hampshire University BUS-400-Q2767: Driving Business Opportunities Instructor Christopher Anderson Sunday, December 3, 2023 Previous Fiscal Year 24-Month Projections Sales $31,877,000 $79,692,500 Cost of goods sold $19.659M $49147.5M Gross profit $12.218B $24.436B Selling expenses $4,756,000 $11,890,000 Administrative expenses $3,136,000 $7,840,000 Total operating expense $2,413,000 $6,032,500 Income from operations $2,518,000 $6,295,000 Other income $1,200,000 $3,000,000 Income before tax and interest $10,479,000,000 $26,197,500,000 Other expense (interest) $5,650,000 $14,125,000 Income before income tax $10,473,350,000 $20,946,700,000 Income tax expense $7,029,000 $17,572,500 Net income $1,053,000,000 $2,632,500,000 Explanation of Assumptions As of last year’s numbers, compared to numbers from the most current quarters, there has been an 82% increase. In 2020, the COVID-19 pandemic declined Uber’s revenue by 21%, however, the company was able to increase sales and make up for the missed revenue. Based on previous results, it is predicted that Uber will beat last year’s revenue, as they are up 26%. In the 24-month Projections, numbers will be based on this increase.
2 References https://www-mergentonline-com.ezproxy.snhu.edu/companyfinancials.php? pagetype=asreported&compnumber=146900&period=Annuals&dataarea=PL&range=3&currenc y=AsRep&scale=AsRep&Submit=Refresh&csrf_token_mol=3578cd5644 Uber announces results for fourth quarter and full year 2022 . (n.d.).  https://investor.uber.com/news-events/news/press-release-details/2023/Uber- Announces-Results-for-Fourth-Quarter-and-Full-Year-2022/default.aspx Uber Technologies Cost of Goods sold 2017-2023 | UBER . (n.d.). MacroTrends. https://www.macrotrends.net/stocks/charts/UBER/uber-technologies/cost- goods-sold#:~:text=Uber%20Technologies%20cost%20of%20goods%20sold%20for %20the%20twelve%20months,a%20110.23%25%20increase%20from%202021.
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