Description
individual project unit 3
please read the assignment on the portal
Unformatted Attachment Preview
Purchase answer to see full attachment
Explanation & Answer
I have completed the online assignment.
Attached.
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
----
---
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...
Review
Review
24/7 Homework Help
Stuck on a homework question? Our verified tutors can answer all questions, from basic math to advanced rocket science!
Similar Content
Related Tags
The Glass Castle
by Jeannette Walls
2001 A Space Odyssey
by Arthur Clarke
The Mayor of Casterbridge
by Thomas Hardy
The Awakening
by Kate Chopin
Untamed
by Glennon Doyle
Calypso
by David Sedaris
The Restless Wave
by John McCain
Shattered - Inside Hillary Clintons Doomed Campaign
by Amie Parnes and Jonathan Allen
Good Kids Bad City
by Kyle Swenson