Description
individual project unit 3
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FINANCIAL STATEMENT QUESTIONS
1
Financial statement questions
Author:
Institution:
FINANCIAL STATEMENT QUESTIONS
2
Questions and Answers
Question I
1) Determine the year-to-year percentage annual growth in total net sales.
Annual Growth in Sales
Year
Net sales
Change
Annual growth
(000,000)
(current-previous year)
(change/previous x100)
2004
$ 11062
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2005
$ 11933
11933 - 11062 = 871
871/11062 x 100 = 7.87%
2006
$ 9181
9181 - 11933 = -2752
-2752/11933 x100 = -23.06%
2007
$ 6141
6141 - 9181 = -3040
-3040/9181 x 100 = -33.11%
2008
$ 8334
8334 - 6141 = 2193
2193/6141 x 100 = 35.71 %
2) Based only on your answers to question #1, do you think the company achieved its sales
goal of +10% annual revenue growth in 2009? Determine the target...
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