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Manal Elkhoshkhany
Manal Elkhoshkhany , Tutor
Category: Finance
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For selected financial statements for Micro Chip Computer Corporation

Customer Question

For selected financial statements for Micro Chip Computer Corporation click here . 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 2005? Determine the target revenue figure, and explain why you do or do not feel that the company can hit this target.Next, consider Micro Chip’s Consolidated Statement of Operations for the year ended September 25, 2004 (click here to download) and answer questions 1 and 2.1.     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, 2004 through September 25, 2005. Assume a 15% tax rate and restructuring costs of 2% 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 financial values. Students who are using Excel must provide an adequate explanation of the methodology used to arrive at that answer.
Submitted: 7 years ago.
Category: Finance
Expert:  Manal Elkhoshkhany replied 7 years ago.

Hello

 

 

Please click here for the word document

 

Please click here for the excel sheet

 

Regards,

 

 

P.S. If you like my work, please feel free to direct your future posts to me specifically by typing "For BusinessTutor" at the beginning of your post.