B5. Use the assumptions described in the table when modeling items that are not computed as totals or subtotals.

Variable	Modeling assumptions
Revenue	The revenue growth rate in the first forecast year is 1.47 percentage points greater than the average annual revenue growth rate from the historical period and the revenue growth rate in all subsequent forecast years is 0.13 percentage points greater than the growth rate from the previous year
Cost of goods sold	Cost of goods sold to revenue in each forecast year is 1.29 percentage points worse than the average annual ratio from the last 2 years of the historical period
SG&A and other indirect expenses	SG&A and other indirect expenses to revenue in the first year of the forecast period equals the average ratio from the historical period. Subsequently, the ratio improves by 0.54 percentage points each year of the forecast period.
Interest expense	The interest rate on debt in each forecast year equals the average implied interest rate from the historical period
Other nonoperating income (expense)	Other nonoperating income (expense) to sales in each forecast year equals ratio from the previous year
Taxes	The effective tax rate in each year of the forecast period is 2.17 percentage points less than the effective tax rate from the second last year of the historical period (the year immediately before the last year of the historical period)
Short-term debt	Short-term debt to sales in each forecast year equals the average annual ratio from the last 3 years of the historical period
Long-term debt (in long-term liabilities)	Long-term debt (in LT liabilities) in the first forecast year is $1,234 greater than long-term debt (in LT liabilities) from the previous year and long-term debt (in LT liabilities) in each subsequent forecast year is $811 less than long-term debt (in LT liabilities) from the previous year