Go to Microsoft Corporation's Web site at http://www.microsoft.com and click on the "Investor Relations" area under "About Microsoft." Select the menu item "Stock Info and Analysis." Select the "What-if?" tool. With this tool, use horizontal and vertical information to create a full-year projection of the Microsoft income statement. Make the following assumptions:objs. 2, 3

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Revenue growth Cost of goods sold as a percent of revenue Research and development growth Sales and marketing as a percent of sales General and administrative as a percent of sales Tax rate Diluted shares outstanding 12% 15% 10% 18% 6% 32% 12,000