What would you forecast


The sales data for Lonestar Sports Apparel Company for the last 12 years are as follows:

  • 2001 $400,000 2007 $617,000
  • 2002 $440,000 2008 $654,000
  • 2003 $480,000 2009 $700,000
  • 2004 $518,000 2010 $756,000
  • 2005 $554,000 2011 $824,000
  • 2006 $587,000 2012 $906,000

a) What is the 2001-2012 compound growth rate? 7.7% (b2/a2) ^ (1/c2)-1

b) Using the result obtain in a, what is your 2013 projection?

c) If you were to make your own projection, what would you forecast?

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Accounting Basics: What would you forecast
Reference No:- TGS0695980

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