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Micro Chip Computer Corporation- Financial Statement

PLEASE USE FIRST FILE ATTACHMENT FOR QUESTON 1 AND 2

1.Determine the year-to-year percentage annual growth in total net sales.

2. Based only on your answers to question #1, do you think the company will hit its sales goal of +10% annual revenue growth in 2005? Determine the target revenue figure, and explain why you do or do not feel that the company can hit this target.

PLEASE USE SECOND FILE ATTACHMENT FOR QUESTIONS 3 AND 4.

3.Dtermine the year-to-year percentage annual growth in total net sales.

4. Based only on your answers to question #1, do you think the company will hit its sales goal of +10% annual revenue growth in 2005? Determine the target revenue figure, and explain why you do or do not feel that the company can hit this target.

THANKS!

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Solution Summary

The solution calculates year-to-year percentage annual growth in total net sales. It arrives at the target revenue figure to achieve the sales goal

$2.19