Below is an abbreviated income statement for Starbucks. Predict the net income for the period ending September 30, 2009, by determining the growth rates of sales, COGS, depreciation, and SG&A. Use a tax rate of 37%. Then look up the numbers for Starbucks for 2009 and see how youdid.

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Starbucks Abbreviated Income Statements for the Years Ending 2006-2009 $ in Millions) Account Sales Cost of goods sold Selling, general, and 9/30/20069130/20079/30/2008 9130/2009 $7,786 $9,411 $10,383 $3,179 $3,999 4,654 $3,701 administrative expenses EBIT Interest expense Taxes Net income $4,356 S 5,216 S 513 $ 53 145 $ 315 906 $1,056 $ 342 S 384 564 672