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From 2023 to 2027, project the following income statement items as ratios to sales revenue. The objective of this question is to project net operating

From 2023 to 2027, project the following income statement items as ratios to sales revenue. The objective of this question is to project net operating profits after taxes (NOPAT). Rationalize and explain your projection of each of the ratios:

  1. Cost of goods sold (COGS)
  2. Selling, general, and administrative (SG&A) expenses
  3. Depreciation and amortization
  4. Operating profits
  5. Net operating profits after taxes (NOPAT)
  6. Justify how you estimated effective tax rates for NOPAT.

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