predict thr net income for the period ending September 31, 2017 by determining thr growth...
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predict thr net income for the period ending September 31, 2017 by determining thr growth rates
6. Predicting net income. Below are abbreviated income statements for Starbucks. Predict the net income for the period ending September 31, 2017, by determining the growth rates of sales, COGS, SG&A, and interest expense. Use a tax rate of 30%. Then look up the numbers for Starbucks for 2017 and see how you did. Starbucks Abbreviated Income Statements for the Years Ending September 30, 2014-2016 (s in millions) Account 9/30/2014 9/30/2015 9/30/2016 Sales $16,448 $19,163 $21,316 Cost of goods sold $ 6,859 $7.788 $ 8.511 SG&A - Other $ 6,092 S7,214 $ 8,208 9/30/2017 EBIT $ 3,492 $ 4,161 $ 4,597 Interest expense $ 64 S 71 $ 81 Taxes SN,992 S 1.144 $ 1.780 Net income $2,336 52,946 53.136
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