Question Details

1.	Determine the year-to-year percentage annual growth in total net sales. Based on the chart
2.	Based only on your answers to question #1, do you think the company achieved its sales goal of +10% annual revenue growths 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 20% 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 2% 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? 
Show all work, including formulas and calculations used to arrive at the financial values. If using Microsoft Excel need to provide an adequate explanation of the methodology used to arrive at that answer.
•	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. 
•	A double-spaced Word document of 1-2 pages that contains your answers to the four questions listed in the assignment description, any calculations you performed, and all formulas that were used. Also, provide your Microsoft Excel data table(s) along with an explanation of how you arrived at your answers if applicable. 
•	Original only with references