The sales data for lonestar sports apparel company for the, Ask an Expert

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The sales data for Lonestar Sports Apparel Company for the last 12 years are as follows:

2001 $400,000 2007 $617,000
2002 $440,000 2008 $654,000
2003 $480,000 2009 $700,000
2004 $518,000 2010 $756,000
2005 $554,000 2011 $824,000
2006 $587,000 2012 $906,000

a) What is the 2001-2012 compound growth rate? 7.7% (b2/a2) ^ (1/c2)-1

b) Using the result obtain in a, what is your 2013 projection?

c) If you were to make your own projection, what would you forecast?

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Accounting Basics, Accounting

Category:- Accounting Basics
Reference No.:- M9966058

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