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Consider the following income statement. Please use excel and not chatgpt, it does not work for these. Income Statement - Seagate Technology ( in millions
Consider the following income statement. Please use excel and not chatgpt, it does not work for these. Income Statement Seagate Technology in millions Revenue $ Cost of revenue Product development costs Marketing & administrative expenses Amortization of intangibles Restructuring & other operating expenses, net Income from operations Interest income expense Other income expense Income before income taxes Provision for benefit income taxes Net income $ An analyst provides the following assumptions used to forecast earnings in year Assume no change for accounts not listed. Depreciation expense is included in marketing & administrative expenses. Assumptions used to forecast income statement in fiscal year dollar amounts in millions Revenue change Cost of revenue, as a of revenue Product development costs, as a of revenue Marketing and administrative expenses, as a of revenue Restructuring & other operating expenses $ Provision for income taxes, as a of pretax income Use the information above to prepare a forecasted income statement for fiscal year Then, answer the following questions. a Calculate forecasted cost of revenue for Select b Calculate forecasted income from operations for Select c Calculate forecasted net income for Select
Consider the following income statement. Please use excel and not chatgpt, it does not work for these.
Income Statement Seagate Technology
in millions
Revenue $
Cost of revenue
Product development costs
Marketing & administrative expenses
Amortization of intangibles
Restructuring & other operating expenses, net
Income from operations
Interest income expense
Other income expense
Income before income taxes
Provision for benefit income taxes
Net income $
An analyst provides the following assumptions used to forecast earnings in year Assume no change for accounts not listed. Depreciation expense is included in marketing & administrative expenses.
Assumptions used to forecast income statement in fiscal year
dollar amounts in millions
Revenue change
Cost of revenue, as a of revenue
Product development costs, as a of revenue
Marketing and administrative expenses, as a of revenue
Restructuring & other operating expenses $
Provision for income taxes, as a of pretax income
Use the information above to prepare a forecasted income statement for fiscal year Then, answer the following questions.
a Calculate forecasted cost of revenue for
Select
b Calculate forecasted income from operations for
Select
c Calculate forecasted net income for
Select
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