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

Get a plagiarism free copy of this essay from our experts
Determine the year-to-year percentage annual growth in total net sales
For as low as \$13/Page

Click here to download the selected financial statements for Micro Chip Computer Corporation. Answer questions 1 and 2 below based on the financial 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 achieved its sales goal of +10% annual revenue growth in 2009? Determine the target revenue figure, and explain why you do or do not feel that the company hit its target.

Next, consider Micro Chip’s Consolidated Statement of Operations for the year ended September 25, 2008. Download the file here and answer questions 1 and 2.

1. Use the Percentage Sales Method and a 25% increase in sales to forecast Micro Chip’s Consolidated Statement of Operations for the period of September 26, 2008 through September 25, 2009. Assume a 15% tax rate and restructuring costs of 5% of the new sales figure.
2. Discuss your results from question number #1. What assumptions have you made? Do any of your assumptions seem unreasonable?

To receive full credit on this assignment, please show all work, including formulae and calculations used to arrive at the financial values. Students using Microsoft Excel must provide an adequate explanation of the methodology used to arrive at that answer.

Assignment Guidelines:

• Download the financial statements and consolidated statement of operations by clicking on the links above in the assignment description.
• Analyze the statements and then answer the four questions listed in the assignment description.
• Show all work including calculations and formulas. If applicable, provide a detailed explanation of how you used Microsoft Excel to arrive at your answers.
• Organize your answers, mathematical calculations, and Microsoft Excel data into a Word document of 1–2 pages.

Your submitted assignment (125 points) must include the following:

• A double-spaced Word document of 1–2 pages that contains your answers to the four questions listed in the assignment description, any calculations you performed, and all formulae that were used. Also, provide your Microsoft Excel data table(s) along with an explanation of how you arrived at your answers if applicable.

You will be graded on the accuracy of your financial calculations as well as your demonstrated understanding of financial statement analysis.

Micro Chip Computer Corporation

Consolidated Statements of Operations For the period September 26, 2007 through

\$8,334.00

Cost of Sales

\$5,458.00

Gross Margin

\$2,876.00

Operating expenses:

R & D

\$525.00

\$691.00

In

process R & D

‐‐‐‐‐‐‐‐‐

Restructuring costs

‐‐‐‐‐‐‐‐‐

Total Operating Exp

\$1,216.00

Operating income

\$1,660.00

Total interest and other Income net

\$194.00

Income before provision for Income taxes

\$1,854.00

Provision for income Taxes (15%)

\$278.10

Net income

\$1,575.90

## Calculate the price of your order

550 words
We'll send you the first draft for approval by September 11, 2018 at 10:52 AM
Total price:
\$26
The price is based on these factors:
Number of pages
Urgency
Basic features
• Free title page and bibliography
• Unlimited revisions
• Plagiarism-free guarantee
• Money-back guarantee
On-demand options
• Writer’s samples
• Part-by-part delivery
• Overnight delivery
• Copies of used sources
Paper format
• 275 words per page
• 12 pt Arial/Times New Roman
• Double line spacing
• Any citation style (APA, MLA, Chicago/Turabian, Harvard)

# Our guarantees

Delivering a high-quality product at a reasonable price is not enough anymore.
That’s why we have developed 5 beneficial guarantees that will make your experience with our service enjoyable, easy, and safe.

### Money-back guarantee

You have to be 100% sure of the quality of your product to give a money-back guarantee. This describes us perfectly. Make sure that this guarantee is totally transparent.

### Zero-plagiarism guarantee

Each paper is composed from scratch, according to your instructions. It is then checked by our plagiarism-detection software. There is no gap where plagiarism could squeeze in.

### Free-revision policy

Thanks to our free revisions, there is no way for you to be unsatisfied. We will work on your paper until you are completely happy with the result.