The total net sales in 2004 were $8,334. I would multiply this by 110% and get the forecasted net sales for the upcoming year. 8,334*110% = $9,176.4 in total sale forecasted in order to gain a 10% growth.
I would not predict that this company would be able to reach the 10% forecast growth due to the fact that they have only accomplished this once in the past four years and two of them have shown a negative growth... displayed 300 characters
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The 2004 year has shown a vast improvement with a 35.71% growth but there are no records to indicate that it will continue to climb.
Micro Chips’ consolidated statement of operations will show the forecasted sales through 9/26/04 to 9/25/05 with a 15% tax rate and a 2% restructuring cost.
Current Percent of sales 9/26/04 – 9/25/05
Total net sales $8,334 20% increase $10,000
Cost of sales $5,458 5,458*100/8,334=65... displayed 300 characters
