Expert answer:individual project unit 3 financial statement
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Click here to download the selected financial statements for Micro Chip Computer Corporation.
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 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. Download the file here and answer questions 1 and 2.
1. 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.
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 the financial values. Students using Microsoft Excel must provide
an adequate explanation of the methodology used to arrive at that answer.
Assignment Guidelines
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Download the financial statements and consolidated statement of operations by clicking
on the links above in the assignment description.
Analyze the statements and then answer the four questions listed in the assignment
description.
Show all work including calculations and formulas. If applicable, provide a detailed
explanation of how you used Microsoft Excel to arrive at your answers.
Organize your answers, mathematical calculations, and Microsoft Excel data into a Word
document of 1–2 pages
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