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? CVS Health Corporation reported the following 2019 income statement (in $ millions): Projected ($ in millions) 2019 2020 Sales $1,725 Cost of goods sold
? CVS Health Corporation reported the following 2019 income statement (in $ millions): Projected ($ in millions) 2019 2020 Sales $1,725 Cost of goods sold 970 Gross profit 755 Selling, general and administrative 313 ? R&D expenses 53 ? Other expenses, net 20 Operating profit 369 Interest expense 78 ? Income before taxes $291 ? ? ? ? ? ? Forecast the 2020 income statement for CVS Health Corporation assuming a 3% increase in net sales and a continuation of the 2019 gross profit margin and percentage relation to net sales for each of the other expenses except for interest expense which will remain the same. (Round to the nearest integer. Do not put commas or $ in your answer.) 2020 Sales: $ million 2020 COGS: $ million 2020 Gross profit: $ million 2020 SG&A: $ million 2020 R&D: $ million 2020 Other expenses: $ million 2020 Operating profit: $ million 2020 Interest expense: $ million 2020 Income before taxes: $ million
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