clettenberg posted a question Dec 01, 2013 at 6:53pm
Use Micro Chip Computer Data (attached). Answer questions 1 and 2 below based on the financial data.

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 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, use Micro Chip's Consolidated Statement of Operations for the year ended September 25, 2008. (attached) and answer questions 1 and 2.

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.
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.
Attachments Preview:
  • Micro Chip Data.pdf Download Attachment
  • MicroChip Statement.pdf Download Attachment

    Micro Chip Computer Corporation 
    Consolidated Statements of Operations For the period September 26, 2007 through 
    September 25, 2008 
     
    Sales  
    $8,334.00  ...
    Show more


Additional Requirements

Other Requirements: 2-3 pages