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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

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.)

Part 1

The sales growth is ____%. (Round to three decimal places.)

Part 2

The cost of goods sold growth is ___%.(Round to three decimal places.)

Part 3

The selling, general, and administrative expenses growth is ___%. (Round to three decimal places.)

Part 4

The interest expense growth is ___%. (Round to three decimal places.)

Part 5

The projected sales for 2014 is $___ million. (Round to the nearest million dollars.)

Part 6

The projected cost of goods sold for 2014 is $___million. (Round to the nearest million dollars.)

Part 7

The projected selling, general, and administrative expenses for 2014 is $___million. (Round to the nearest million dollars.)

Part 8

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.)

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Starbucks Abbreviated Income Statements for the Years Ending September 30, 2011-2014 Starbucks Abbreviated Income Statements for the Years Ending September 30, 2011-2014

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