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Please show work for question Note: Complete the entire question using the following Excel template: Excel Template. Then enter the answers into the provided spaces
Please show work for question
Note: Complete the entire question using the following Excel template: Excel Template. Then enter the answers into the provided spaces below with two decimal places. \begin{tabular}{|l|r|l|} \hline \multicolumn{2}{|l|}{ Income statement assumptions } \\ \hline Net sales increase & 8% & growth \\ \hline Cost of products sold & 30.0% & of net sales \\ \hline Research and development expense & 7.6% & of net sales \\ \hline Selling, general, and administrative expense & 34.1% & of net sales \\ \hline Amortization of intangible assets & 5.8% & of net sales \\ \hline Restructuring charges, net & 75% & of 2019 restructuring expense \\ \hline Certain litigation charges, net & $150 & million \\ \hline Other operating expense, net & & No change in $ amount \\ \hline Other nonoperating income, net & No change in $ amount \\ \hline Interest expense & & No change in $ amount \\ \hline Income tax provision & 15% & of pretax income \\ \hline Income attributable to noncontrolling interests & & No change in $ amount \\ \hline \end{tabular}Step by Step Solution
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