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Part 1:
Obtain the most recent financial statements for Microsoft from the U.S. Securities and Exchange Commission website (http://www.sec.gov/). (Look for the annual report or Form 10-K.)

Part 2:
discuss and decide upon the best ratios for creating a forecast model for sales through operating income.

Part 3:
Develop a forecast model for sales through operating income. Create the forecast in Excel. In a Word document describe the set of assumptions (ratios) you used and explain how you justify them.

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