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Paige Brown
Unit 2 Individual Project

1)The year- to year percentage annual growth in net sales for Micro Chip Computer Corporation was done in the following manner:
The sales numbers are in millions.

2004- 2003 = 8,334-6,141 = 2,193 = .35710796 = 35.7%
2003 6,141 6,141

2003- 2002 = 6,141-9,181 = 3040 = - .331186145 = - 33.1%
2002 9,181 9,181

2002- 2001 = 9,181- 11,933 = 2752 = -.2206209671 = - 22.06%
2001 11,933 11,933

2001- 2000= 11,933- 11,062 = 871 = .0787380221 = 7.8%
2000 11,062 11,062
2) Do I think the company will hit its sales goal of +10 % annual revenue growth in 2005?
No I do not.
The following is how I came to this conclusion.
10% annual growth of 8,334,000 is times .10= 833,400. $8,33400 + 833,400=
These numbers added together give a target revenue for 2005 of $9,167,400.

To find the average % annual growth......

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Approximate Word Count: 550
Approximate Pages: 3 (250 words per double-spaced page)

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