Calculating sales growth rate
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1) Determine the year-to-year percentage annual growth in total net sales. Show all work.
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. Show all work (including formula and calculations)
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(See attached file for full problem description)
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Solution Summary
The solution explains how to calculate the sales growth for Microchip Corporation.
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1. The year on year percentage sale growth is shown below :
Year 2004 2003 2002 2001 2000
Net Sales ($ million) 8,334 6,141 9,181 11,933 11,062
% Change 35.7% -33.1% -23.1% 7.9%
The percentage sales growth is calculated using the ...
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