Accounting Analysis

Answer 1: We were provided with the financial statement of the Micro Chip's Consolidated Statement of operations for the year ended September 25, 2008. The Net sales of the Micro Chip's are given below.

Year

2009

2008

2007

2006

2005

2004

Net sales (Dollars)

5956

8334

6141

9181

11933

11062

Growth in sales

-40%

26%

-50%

-30%

7%

 

The company's sales in 2004 were $ 11062 which rose in 2005 and became $ 11933. In 2006 the company saw the decline in the sales and the company's sales decreased to $ 9181. Similarly the sales in 2007 decreased to $ 6141. The sales increases in 2008 and became $ 8334 and based on the trend we have forecasted that the sales ...