1) (8 pts) XYZ just reported Revenues (Sales) of 80 million for 2019. You are forecasting that a stronger economy will allow the company to increase revenues by 6% next year (2020). a. What is your forecast for Revenues for 2020? You also assume that based on historical data, the company will have a Gross Profit Margin in 2020 of 18% and operating (SG&A) costs of $7 million in 2020. b. What is your forecast for Costs of Goods Sold in 2020? Cost of Goods Sold = C. What is your forecast for Gross profit in 2020? Gross Profit d. What is your forecast for Operating Income (EBIT) for 2020? EBIT = _ e. What is your expectation for XYZ's operating margin in 2020? Operating Margin=