Please provide a valid response. For this question pertaining to forecasting with the parsimonious method and estimating share value using the ROPI model, please let me know where I went wrong with my answers. Please solve the problem in its entirity and show your steps to your calculations.

QUESTION 2 Partially correct 0.29 points out of 1.00 Fg question Forecasting with the Parsimonious Method and Estimating Share Value Using the ROPI Model Following are the income statement and balance sheet for Cisco Sytems for the year ended July 30, 2016. Cisco Sytems Consolidated Statements of Income July 30, July 25, 2016 2015 Years Ended December (S millions) Revenue Product Service Total revenue Cost of sales Product Service Total cost of sales 537,254 S37,750 1,993 11,411 49,247 49,161 4,161 15,377 4,126 4103 8,287 19,480 30,960 29,681 Gross margin Operating expenses Research and development Sales and marketing General and administrative 6,296 6,207 9,619 9,821 1,814 2,040 Amortization of purchased intangible assets 303 359 484 268 Restructuring and other charges Total operating expenses Operating income Interest income Interest expense Other income (loss), net Interest and other income (loss), net 18,300 18,911 2,660 10,770 769 (676) (566) (69) 228 260 431 Income before provision for income taxes 12,920 11,201 2,181 2,220 $10,739 $8,981 1,005 Provision for income taxes Net income Cisco Sytems Inc. Consolidated Balance Sheets July 30, 2016 July 25 n15 In millions, except par value