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Following are the income statement and balance sheet of Seagate Technology for fiscal 2019. Revenue 7,481 Cost of revenue 5,370 Product development 714 Marketing and

Following are the income statement and balance sheet of Seagate Technology for fiscal 2019.

Revenue 7,481
Cost of revenue 5,370
Product development 714
Marketing and administrative 326
Amortization of intangibles 17
Restructuring and other, net (16)
Total operating expenses 6,411
Income from operations 1,070
Interest income 60
Interest expense (161)
Other, net 18
Other expenses, net (83)
Income before income taxes 987
(Benefit) provision for income taxes (461)
Net income 1,448

SEAGATE TECHNOLOGY PLC Consolidated Balance SheetConsolidated Balance Sheet$ millions

Current assets June 28, 2019
Cash and cash equivalents 1,598
ccounts receivable, net 712
nventories 698
Other current assets 132
Total current assets 3,140
Property, equipment and leasehold improvements, net 1,346
Goodwill 891
Other intangible assets, net 80
Deferred income taxes 802
other assets, net 138
Total assets 6,397
Current liabilities
Accounts payable 1,022
Accrued employee compensation 122
Accrued warranty 66
Accrued expenses 397
Total current liabilities 1,607
Long-term accrued warranty 75
Long-term accrued income taxes . 3
Other noncurrent liabilities 94
Long-term debt, less current portion 3,062
Total liabilities 4,841
Shareholders equity
Ordinary shares par value $0.0001, 2.6 billion shares authorized, 1,340,697,595 and
1,354,218,154 shares issued and outstanding, respectively 0
Additional paid-in capital 4,721
Accumulated other comprehensive loss (34)
Accumulated deficit (3,131)
Total shareholders' equity 1,556
Total liabilities and shareholders' equity 6,397

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Forecast Seagate Technology's 2020 balance sheet using the following forecast assumptions, which are expressed as a percentage of revenue unless otherwise indicated. Note: Complete the entire question in Excel (template provided above). Using Excel, format each answer to two decimal places. Use Increase Decimal or Decrease Decimal to adjust decimal places. Do not round answers. Then enter the answers into the provided spaces below with _two decimal places. Note: Use negative signs with answers, when appropriate. SEAGATE TECHNOLOGY PLC Consolidated Balance Sheet Consolidated Balance Sheet \$ millions June 2020 Current assets

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