The CEO of Smartphone Apps LLC is preparing a loan application. Using the data below (only) prepare an Income Statement. Within this Income
statement include totals for Cost of Goods Sold Gross Margin Sales General and Administrative Earnings before Interest and Taxes Pretax Income and Net
Income. Also compute the Profit Margin on Sales. Submit using a spreadsheet.

Net Revenue

$1458000

Production Labor Costs

$385444

Material Costs

$247500

Marketing

$127000

Depreciation

$58122

Research and Development

$98000

Administrative

$258300

Interest Expense

$21608

Taxes

25%

of pretax Income

Slot Precision Services Inc. has five alternative broaching machines/processes that are being studied. Only one will be chosen and the data is shown below.
Recommend the choice for management that uses the internal rate of return criterion. Compare this with the decision with that of a Present Worth criterion.
Submit your solution in a spreadsheet.