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2009-06-15_093442_Micronew

# 2009-06-15_093442_Micronew - Micro Chip Computer...

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Micro Chip Computer Corporation Consolidated Statements of Operations For the period September 26, 2007 through September 25, 2008 Sales Sales \$8,334.00 Cost of Sales \$5,458.00 Gross Margin \$2,876.00 Operating expenses: R & D \$525.00 Selling, General, and Administrative \$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 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 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. 1. Determine the year-to-year percentage annual growth in total net sales. Micro Chip Computer Corporation Fiscal Years 2008 2007 2006 2005 2004 Net Sales \$8,334 \$6,141 \$9,181 \$11,933 \$11,062 % Change 35.71% -33.11% -23.06% 7.87%

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2009-06-15_093442_Micronew - Micro Chip Computer...

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