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    Abz2's Avatar
    Abz2 Posts: 1, Reputation: 1
    New Member
     
    #1

    Nov 16, 2008, 12:52 AM
    Rate of sales growth
    Hi there, this is my question

    Chem-Med net sales are as follows
    1996 - $777,000.00
    1997 - $3,051,000.00
    1998 - $3,814,000.00
    And on the Pro Forma Income Statement the net sales are
    1999 - $5,340,000.00
    2000 - $7,475,000.00
    2001 - $10,466,000.00

    The growth rate sales in 1998 I found to be 25% (($3,814,000.00 - $3,051,000.00) $3,051,000.00 * 100)

    The question then asked what is it forcasted to be in 1999, 2000, and 2001.
    Am at a lost, what are they asking about? Is it the forcasted rate of growth for those year?
    How do I proceed in answering the question? What other figures should I be looking at?
    ms180sx's Avatar
    ms180sx Posts: 64, Reputation: 6
    Junior Member
     
    #2

    Nov 16, 2008, 04:08 AM

    are they saying to find the overall growth increase percentage, and that calculate that number as a new number using the 1998 net sales?
    Say increase total is 25%. Company's budget was 20%. Did the company do X% growth every year?
    to find out calcuate what 125% of 1998 was, to find out projected for 1999

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