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?
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