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?

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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 1 month ago

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