In an income statement, develop a strategy on how you can increase the net profit by 15 percent on the next financial year. The strategy should help you decide whether expenses on a particular item need to be increased or more money can be invested in another item to get better income statements. Understand the current market trends of the restaurant business and devise a feasible strategy. Forecasting strategies to increase income and overall revenue of an organization, based on percentage distribution of income statement items of the previous year, helps to populate better-budgeted income statements for the current year. Income Statement The Green Restaurant December 31, 20XX Food Revenue $47,500 Expenses Cost of Food Sales $16,415 Wages Expense $11,885 Supplies Expense $350 Utilities $1,200 Advertising $300 Depreciation Expense $160 Rent Expense $775 Interest Expense $120 Laundry Expense $560 Kitchen Fuel $150 Radio Advertising $1,200 Administrative Expense $2,200 Repairs and Maintenance $600 Total Expenses $35,915 Net Income $11,585
