Determining Year-to-Year Percentage Growth

Answer questions 1 and 2 below based on the financial data attached.

1) Determine the year-to-year percentage annual growth in total net sales.
Based only on your answers to question #1, do you think the company will hit 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 can hit this target.

2) Next, consider Micro Chip's Consolidated Statement of Operations for the year ended September 25, 2008
Use the Percentage Sales Method and a 20% increase in sales to forecast Micro Chip's Consolidated Statement of Operations for the period September 26, 2007 through September 25, 2008. Assume a 15% tax rate and restructuring costs of 2% of the new sales figure.
Discuss your results from question number #1. What assumptions have you made? Do any of your assumptions seem unreasonable?

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... growth. Its Sales projections for 2009 will be:
=Sales for year 2008 *(1+growth rate)
=8334*(1+10%)
$9,167.40 =Answer

Part 2
Next, consider Micro Chip's Consolidated Statement of Operations for the year ended September 25, 2008
Use the Percentage Sales Method and a 20% increase in sales to forecast Micro Chip's Consolidated Statement of Operations for the period September 26, 2007 through September 25, 2008.
Assume a 15% tax rate and restructuring costs of 2% of the new sales figure.
Discuss your results from question number #1. What assumptions ...