Project the Income Statement for 2015 and 2016 using the assumptions to the right.
For COGS, use a regression against sales UNLESS the equation as a whole is not significant at the 5% level.
If the regression equation as a whole is NOT significant, use the 2014 COGS as a percent of sales to forecast the 2015 - 2016 COGS.

Project the Income Statement for 2015 and 2016 using the assumptions to the right. For COGS, use a regression against sales UMLESS the equation as a whole is not significant at the 5% level. Project the Income Statement for 2015 and 2016 using the assumptions to the right. For COGS, use a regression against sales UMLESS the equation as a whole is not significant at the 5% level