I'm given an income statement and balance sheet and a questions asks what the rate of sales growth is. What formula do I use to calculate the rate of sales growth in a specific year?

You do well to study the following example:-


Take your time!

http://wiki.vanguardsw.com/Vanguard%20Examples/General%20Modeling/Accounting%20Ratios.mdl?run&closeonexit

CORRECTION : please see:-



http://wiki.vanguardsw.com/Vanguard%20Examples/General%20Modeling/Accounting%20Ratios.mdl?run&closeonexit

Also study well:-

http://everything2.com/e2node/Financial%2520Ratios