Question: L 0 1 1 - 2 M 1 1 - 1 1 . Forecast an Income Statement ADP reports the following income statement. table
L M Forecast an Income Statement ADP reports the following income statement.
tableAUTOMATIC DATA PROCESSING INC. Statement of Consolidated Earnings $ millions For Year Ended June Total revenues,$Operating expenses,Systems development and programming costs,Depreciation and amortization,Total cost of revenues,Selling general, and administrative expenses,Interest expense,Total expenses,Other income expense, net,Earnings before income taxes,Provision for incorne taxes,Net earnings,$
Forecast ADP's income statement assuming the following income statement relations. All percentages other than total revenue growth and provision for income taxes are based on the historic percent of total revenues.
Total revenues growth.
Depreciation and amortization
$ million
Interest expense
No change
Other income expense, net
No change
Income tax rate
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