(Solved): Analyzing, Forecasting, and Interpreting Both Income Statement and Balance Sheet Following are the ...

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.