Question about Apple Computers: Questions on Financial statements

The following selected financial statements for Apple Computers have been taken out the company's SEC filings. Answer questions 1 and 2 as follows based on this data.

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 +20% annual revenue growth in 2000? Determine the target revenue figure, and explain why you do or do not feel that the company can hit this target.
Next, consider Apple's Consolidated Statement of Operations for the year ended September 25, 1999 as shown below and answer questions 3 and 4.
3. Use the Percentage Sales Method and a 20% increase in sales to forecast Apples' Consolidated Statement of Operations for the period September 26, 1999 through September 25, 2000. Assume a 15% tax rate and restructuring costs of 1% of the new sales figure.
4. Discuss your results from question number #3. What assumptions have you made? Do any of your assumptions seem unreasonable?

Data: Please see attachment

Fiscal Years
(in millions except share and per share amounts) 1999 1998 1997 1996 1995
Net Sales $ 6,134 $ 5,941 $ 7,081 $ 9,833 $11,062
Net Income (loss) $ 601 $ 309 $ (1,045) $ (816) $ 424
Earnings (loss) per common share:
Basic $ 4.20 $ 2.34 $ (8.29) $ (6.59) $ 3.50
Diluted $ 3.61 $ 2.10 $ (8.29) $ (6.59) $ 3.45
Cash Dividends declared per common share $ -- $ -- $ -- $ 0.12 $ 0.48
Shares used in computing earnings (loss) per share (in thousands):
Basic 143,157 131,974 126,062 123,734 121,192
Diluted 174,164 167,917 126,062 123,734 123,047
Cash, cash equivalents, and short-term investments $ 3,226 $ 2,300 $ 1,459 $ 1,745 $ 952
Total Assets $ 5,161 $ 4,289 $ 4,233 $ 5,364 $ 6,231
Long-term Debt $ 300 $ 954 $ 951 $ 949 $ 303
Shareholder's Equity $ 3,104 $ 1,642 $ 1,200 $ 2,058 $ 2,901

Consolidated Statements of Operations For the period September 26, 1998 through September 25, 1999
Sales $6,134
Cost of Sales 4,438
Gross Margin 1,696
Operating expenses:
R & D 314
Selling, General, and Administrative 996
In-process R & D ---------
Restructuring costs ---------
Total Operating Exp $1,310
Operating income $ 386
Total interest and other Income net 317
Income before provision for Income taxes 703
Provision for income Taxes (15%) 105.4
Net income $ 597.6
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problem is attached