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Innovative Components, Inc. reported the following income statement data for 2013-2017. 2017 2016 2015 2014 2013...

Innovative Components, Inc. reported the following income statement data for 2013-2017.

	2017	2016	2015	2014	2013
Net Sales	$3,144.6	$2,993.1	$2,790.5	$2,654.0	$2,478.9

What would be an appropriate sales growth rate based on the historical data?

Expert Solution

Growth Rate in the Year 2014 with respect to 2013

Net Sales During the period of 2013 is $2478.90

Net Sales During the period of 2014 is $2654.00

Increase in sales volume during the year is = $2654 - $2478.90 =$175.1

Sales growth for the year 2014 is =($175.1/$2478.90)X100=7.06%

Growth Rate in the Year 2015 with respect to 2014

Net Sales During the period of 2014 is $2654.00

Net Sales During the period of 2015 is $2790.5

Increase in sales volume during the year is = $2790.50 - $2654 =$136.50

Sales growth for the year 2014 is =($136.5/$2654)X100=5.14%

Growth Rate in the Year 2016 with respect to 2015

Net Sales During the period of 2015 is $2790.50

Net Sales During the period of 2016 is $2993.1

Increase in sales volume during the year is = $2993.1- $2790.50 =$202.6%

Sales growth for the year 2014 is =($202.6/$2790.50)X100=7.26%

Growth Rate in the Year 2017 with respect to 2016

Net Sales During the period of 2016 is $2993.1

Net Sales During the period of 2017 is $3144.6

Increase in sales volume during the year is = $3144.6- $2993.1 =$151.5%

Sales growth for the year 2014 is =($151.5/$2993.1)X100=5.06%

Thanks

ekkarill92 answered 3 months ago

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