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Additionally, forecasts of the income statement in particular typically require estimates of COGS (gross profit) and other operating (and non-operating) expenses as a percentage of
Additionally, forecasts of the income statement in particular typically require estimates of COGS (gross profit) and other operating (and non-operating) expenses as a percentage of revenues. Can you identify potential analyst adjustments to reported U.S. GAAP financial statement amounts that might affect our forecasts for gross profit margin and operating expense margins, and discuss how they might impact the forecasts?
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