Assignment:
Determine the year-to-year percentage annual growth in total net sales.
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.
Consider Micro Chip's Consolidated Statement of Operations for the year ended September 25, 2008.
Use the Percentage Sales Method and a 30% 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.
What assumptions have you made? Do any of your assumptions seem unreasonable?
Guidelines
Analyze the statements and then answer the four questions listed in the assignment description.
Organize your answers, mathematical calculations, and Microsoft Excel data into a Word document of 1-2 pages.
Your assignment 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 formulas that were used. Also, provide your Excel data table(s) along with an explanation of how you arrived at your answers if applicable.