Predicting net income. Abbreviated income statements for Starbucks are in the popup window: B. 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. Data Table 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.) The interest expense growth is %. (Round to three decirial places.) . The projected sales for 2014 is 5 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 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 8/30/2011 9/30/2012 9/30/2013 9/30/2014 Sales $ 11,657 S 13.279 $ 14,895 Cost of goods sold $ 4,83215 -5,814 $ -6,293 Selling, general, and administrative expenses $ 4,853S -5,256 $ -8.799 |EBIT $ 1,972 S 2,209 $ Interest expense $ -335 -62 $ 56 Taxes $ -7175 -794 $ Net income $ 1,222 $ 1,353 $ -1591 Right click on the table and select Copy to Clipboard and then night-click the highlighted texts in the popup dialogue box and salart Canvin mart as its contents into a shrashnat - 197 9/30/2014 Starbucks Abbreviated Income Statements for the Years Ending September 30, 2011-2014 ($ in Millions) Account 9/30/2011 9/30/2012 9/30/2013 Sales S S 11,657 $ 13,279 S 14,895 S Cost of goods sold S -4,832 $ -5,814 S -6,293 S Selling, general, and administrative expenses S -4,853 $ -5,256 S -8,799 EBIT S 2,209 S -1971 s Interest expense S -33 $ -62 $ -56 s Taxes S S -717 $ -794 S 941 s Net income S 1,222 $ 1,353 S -159 $ 1,972 $ Print Done Predicting net income. Abbreviated income statements for Starbucks are in the popup window: B. 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. Data Table 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.) The interest expense growth is %. (Round to three decirial places.) . The projected sales for 2014 is 5 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 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 8/30/2011 9/30/2012 9/30/2013 9/30/2014 Sales $ 11,657 S 13.279 $ 14,895 Cost of goods sold $ 4,83215 -5,814 $ -6,293 Selling, general, and administrative expenses $ 4,853S -5,256 $ -8.799 |EBIT $ 1,972 S 2,209 $ Interest expense $ -335 -62 $ 56 Taxes $ -7175 -794 $ Net income $ 1,222 $ 1,353 $ -1591 Right click on the table and select Copy to Clipboard and then night-click the highlighted texts in the popup dialogue box and salart Canvin mart as its contents into a shrashnat - 197 9/30/2014 Starbucks Abbreviated Income Statements for the Years Ending September 30, 2011-2014 ($ in Millions) Account 9/30/2011 9/30/2012 9/30/2013 Sales S S 11,657 $ 13,279 S 14,895 S Cost of goods sold S -4,832 $ -5,814 S -6,293 S Selling, general, and administrative expenses S -4,853 $ -5,256 S -8,799 EBIT S 2,209 S -1971 s Interest expense S -33 $ -62 $ -56 s Taxes S S -717 $ -794 S 941 s Net income S 1,222 $ 1,353 S -159 $ 1,972 $ Print Done