Question: Analyzing, Forecasting, and Interpreting Both Income Statement and Balance Sheet Following are the income statement and balance sheet of Seagate Technology for fiscal 2019. Note:









Analyzing, Forecasting, and Interpreting Both Income Statement and Balance Sheet Following are the income statement and balance sheet of Seagate Technology for fiscal 2019. Note: Complete the entire question using the following Excel template: Excel Template. Then enter the answers into the provided spaces below with two decimal places. Forecast Seagate Technology's 2020 income statement using the following forecast assumptions, which are expressed as a percentage of revenue unless otherwise indicated. answers. Then enter the answers into the provided spaces below with _two decimal places_. Note: Use negative signs with answers, when appropriate. \begin{tabular}{|l|r|l|} \hline \multicolumn{1}{|c|}{ Assumptions } & & \\ \hline Revenue growth & 5% & growth \\ \hline Cost of revenue & 71.8% & of revenue \\ \hline Product development & 9.5% & of revenue \\ \hline Marketing and administrative & 4.4% & of revenue \\ \hline Amortization of intangibles & & No change \\ \hline Restructuring and other, net & $0 & million \\ \hline Interest income & & No change \\ \hline Interest expense & & No change \\ \hline Other, net & & No change \\ \hline Income tax rate & 21% & \\ \hline \end{tabular} orecast Seagate Technology's 2020 balance sheet using the following forecast assumptions, which are expressed as a percentage of revenue unless otherwise indicated. nswers. Then enter the answers into the provided spaces below with_two decimal places_. lote: Use negative signs with answers, when appropriate
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