Predicting net income. Abbreviated income statements for Starbucks are in the popup window: . Predict the net income for the period ending September 30, 2014, by determining the growth rates of sales, COGS, SG&A, and interest expense. Use a tax rate of 37%. Note: Enter all expenses as negative numbers. (Hint: Use the compounded growth rate method to calculate all of the growth rates.) The sales growth is l%. (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.) The interest expense growth is %. (Round to three decimal places.) The projected sales for 2014 is $1 million. (Round to the nearest million dollars.) 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.) The projected interest expense for 2014 is $1 million. (Round to the nearest million dollars.) Complete the table below. Note: Use a minus sign for numbers to be subtracted. (Round to the nearest million dollars.) Starbucks Abbreviated Income Statements for the Years Ending September 30, 2011-2014 ($ in Millions) Account 9/30/2011 9/30/2012 9/30/2013 9/30/2014 Sales 11,790 $ 13,351 $ 14,899 $ Cost of goods sold -4,937 -5,751 $ Selling, general, and administrative expenses -4,931 -5,220 -8,631 $ EBIT 1,922 $ 2,380 $ -116 $ Interest expense -25 $ -55 $ Taxes -702 $ -858 $ 63 $ Net income 1,195 -108 $ -6,384 $ A Alta to Alto 0000000 -61 1,461 $ Predicting net income. Abbreviated income statements for Starbucks are in the popup window: . Predict the net income for the period ending September 30, 2014, by determining the growth rates of sales, COGS, SG&A, and interest expense. Use a tax rate of 37%. Note: Enter all expenses as negative numbers. (Hint: Use the compounded growth rate method to calculate all of the growth rates.) The sales growth is l%. (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.) The interest expense growth is %. (Round to three decimal places.) The projected sales for 2014 is $1 million. (Round to the nearest million dollars.) 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.) The projected interest expense for 2014 is $1 million. (Round to the nearest million dollars.) Complete the table below. Note: Use a minus sign for numbers to be subtracted. (Round to the nearest million dollars.) Starbucks Abbreviated Income Statements for the Years Ending September 30, 2011-2014 ($ in Millions) Account 9/30/2011 9/30/2012 9/30/2013 9/30/2014 Sales 11,790 $ 13,351 $ 14,899 $ Cost of goods sold -4,937 -5,751 $ Selling, general, and administrative expenses -4,931 -5,220 -8,631 $ EBIT 1,922 $ 2,380 $ -116 $ Interest expense -25 $ -55 $ Taxes -702 $ -858 $ 63 $ Net income 1,195 -108 $ -6,384 $ A Alta to Alto 0000000 -61 1,461 $