Discuss the below:
Q1: Determine the year-to-year percentage annual growth in total net sales.
Based only on your answers to Q1, 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, consider Micro Chip's Consolidated Statement of Operations for the year ended September 25, 2008
Q2: Use the Percentage Sales Method and a 30% 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 Q1. What assumptions have you made? Do any of your assumptions seem unreasonable?