September 2023 Micro Chip Computer Corporation Consolidated Statements of Operations For the period September 26 2007 through September 25 2008

2024 Micro Chip Computer Corporation Assignment Help

Micro Chip Computer Corporation Consolidated Statements of Operations For the period September 26 2007 through September 25 2008 2023

Micro Chip Computer Corporation Consolidated Statements of Operations For the period September 26, 2007 through September 25, 2008 Sales Sales $8,334.00 Cost of Sales $5,458.00 Gross Margin $2,876.00 Operating expenses: R & D $525.00 Selling, General, and Administrative $691.00 In-process R & D ——— Restructuring costs ——— Total Operating Exp $1,216.00 Operating income $1,660.00 Total interest and other Income net $194.00 Income before provision for Income taxes $1,854.00 Provision for income Taxes (15%) $278.10 Net income $1,575.90 Answer questions 1 and 2 below based on the financial data. 1. Determine the year-to-year percentage annual growth in total net sales. 2. Based only on your answers to question #1, do you think the company will hit its sales goal of +10% annual revenue growth in 2009? Determine the target revenue figure, and explain why you do or do not feel that the company can hit this target.

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