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Predict the net income for the period ending September 30, 2014, by determining the growth rates of sales, COGS, SG&A, and interest expense. Predicting net
Predict the net income for the period ending September 30, 2014, by determining the growth rates of sales, COGS, SG&A, and interest expense. Predicting net income. Abbreviated income statements for Starbucks are in the popup window: Use a tax rate of 37%. Note: Enter all expenses as negative numbers. The sales growth is %. (Round to three decimal places.) The cost of goods sold growth is %. (Round to three decimal places.) The selling, general, and administrative expenses growth is %. (Round to three decimal places.) Data Table The interest expense growth is %. (Round to three decimal places.) Starbucks The projected sales for 2014 is $ million. (Round to the nearest million dollars.) Abbreviated Income Statements for the Years Ending September 30, 2011-2014 ($ in Millions) The projected cost of goods sold for 2014 is $ million. (Round to the nearest million dollars.) The projected selling, general, and administrative expenses for 2014 is $ million. (Round to the nearest million dollars.) Account 9/30/2011 9/30/2012 9/30/2013 9/30/2014 Sales $ 13,395 $ 14,888 The projected interest expense for 2014 is $ million. (Round to the nearest million dollars.) 11,707 $ -4,977 $ $ -5,836 $ -6,352 Complete the table below. Note: Use a minus sign for numbers to be subtracted. (Round to the nearest million dollars.) Cost of goods sold Selling, general, and administrative expenses $ -4,842 $ -5,249 $ -8,714 Starbucks EBIT $ 1,888$ 2,310$ -178 Abbreviated Income Statements for the Years Ending September 30, 2011-2014 Interest expense $ -37$ -60 $ -61 ($ in Millions) Taxes $ -685 $ -833$ 88 Account 9/30/2011 9/30/2012 9/30/2013 9/30/2014 Net income $ 1,166 $ 1,417 $ -151 Sales 11,707$ 13,395 $ 14,888 $ $ -4,977 $ -5,836 $ -6,352 $ Cost of goods sold Selling, general, and administrative expenses $ -4,842 $ -5,249 $ -8,714 $ Print Done EBIT $ 1,888 $ 2,310$ -178 $ Interest expense $ -37$ -60$ -61 $ Taxes $ -685$ -833 $ 88 $ Net income 1,166 $ 1,417 $ -151 $
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