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Predicting net income. Abbreviated income statements for Starbucks are in the popup window. m Predict the rat income for the period ending Septumber 30, 2014,

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Predicting net income. Abbreviated income statements for Starbucks are in the popup window. m Predict the rat income for the period ending Septumber 30, 2014, by determining the growth rators of sales,COGS, SG&A, and interest experne. Use a tax rate of 37%. Now Enteral experes as regative numbers (Hire Use the compounded growth rate method to calculate all of the growth rates) 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 to % (Round to three decimal places) The interest expense growth is % (Round to the decimal places) The projected sales for 2014 is million (Round to the newest milion dollar) 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 smilion (Round to the nearest milion dollars) The projected interest expense for 2014.5 million (Round to the nearest milion dollars) Complete the table below. Note: Use a minus sign for numbers to be subtracted (Round to the nearest mon dollar ur cald S Starbucks Abbreviated Income Statements for the Years Ending September 30, 2011-2014 (5 in Millions) Account 9/30/2011 9/30/2012 9/30/2013 9/30/2014 Sales 11 7655 13,3066 14.738 $ Cost of goods sold $ -4.884 $ -5.894 $ 6.231 $ Selling general, and administrative expenses S -4.995$ -5,2765 -8,627 s EBIT $ 1.886 2.136 $ -1205 Interest expense 345 6015 -52 s Taxes -685/ 2765 $ 64 Net income S 1.167 $ 1.3025 -1085 U S a table 9/30/2014 Starbucks Abbreviated Income Statements for the Years Ending September 30, 2011-2014 (5 in Millions) Account 9/30/2011 9/30/2012 9/30/2013 Sales $ 11.765$ 13,306 $ 14,738 Cost of goods sold $ -4,884 5 -5,894 $ -6,231 Selling, general, and administrative expenses $ -4.995 $ -5,276 $ -8.627 EBIT $ 1.886 $ 2.1365 -120 s Interest expense -3415 -6915 -52 S -685 S -765 $ 84 Taxes S -108 1,3025 1.167 Net income EL

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