X3. Use the assumptions described in the table when modeling items that are not computed as totals or subtotals, or that are not computed using information available from the model.

Variable	Modeling assumptions
Revenue	The revenue growth rate in each forecast year is 4.29 percentage points less than the growth rate for the previous year
Cost of sales	Cost of sales to revenue in each forecast year is 1.65 percentage points worse than the previous year
SG&A and other indirect expenses	SG&A and other indirect expenses to revenue in each year in the forecast period is the average ratio from the last 2 years of the historical period
Depreciation	Depreciation to sales in each forecast year is 1.36 percentage points greater than the average ratio from the historical period
Amortization	Amortization to revenue in each forecast year is .13 percentage points less than ratio from the previous year
CAPEX	CAPEX to sales in each forecast year is 0.99 percentage points less than the average annual ratio from the last 3 years of the historical period