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1. The following is extracted from ABC Company 2021 Annual Report: The following table provides selected annual consolidated financial and non-financial information for the
1. The following is extracted from ABC Company 2021 Annual Report: The following table provides selected annual consolidated financial and non-financial information for the last three fiscal periods. (in $millions, except per share amounts and number of retail locations) 2021 2020 Revenue $12,463 $11,786 2019 $11,427 Net Income $639 $564 $499 # of retail locations 1,700 1,687 1,737 Required (a) (b) Using only the data about sales revenue, calculate the year-over-year revenue growth. Using the revenue growth % in (a) above, estimate the revenue for 2022.
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