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2017 2018 2019 Revenue 1,250.0 1,300.0 1,358.5 COGS 900.0 942.5 982.2 Depreciation 123.0 145.0 155.0 SG&A 177.5 189.8 195.6 R&D 41.3 39.0 42.1 Operating Income

2017

2018

2019

Revenue

1,250.0

1,300.0

1,358.5

COGS

900.0

942.5

982.2

Depreciation

123.0

145.0

155.0

SG&A

177.5

189.8

195.6

R&D

41.3

39.0

42.1

Operating Income

8.3

-16.3

-16.4

1. Given the following historical values (all number are in Millions of US Dollars). Estimate the firms 2020 revenue and COGS values. Explain your approach and justify your answer.

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