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Use the percentage sales method and a 30% increase in sales to forecast Micro Chip’s consolidated statement of operations for the period of September 26, 2008 through September 25, 2009. Assume a 15% tax rate and restructuring costs of 5% of the new sales figure.

Based on the information above, can you please help me answer these two questions?

1) use the percentage sales method and a 30% increase in sales to forecast Micro Chip’s consolidated statement of operations for the period of September 26, 2008 through September 25, 2009. Assume a 15% tax rate and restructuring costs of 5% of the new sales figure.

2) Discuss your results from question number 1. What assumptions can be made? Are the assumptions unreasonable?

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