Question
2. Bubbles Inc. is the largest bubble gum chain store in the U.S. with 795 stores nationwide. Use the information below from Bubbles Annual Financial
2. Bubbles Inc. is the largest bubble gum chain store in the U.S. with 795 stores nationwide. Use the information below from Bubbles Annual Financial Statements to calculate the answers for questions 1-3.
| Bubbles Inc. ($ in millions) | ||||||
|
| 2005 | 2006 | 2007 | 2008 | 2009 | 2010 |
| Sales | $ 77.90 | $ 89.90 | $ 107.70 | $ 130.30 | $ 137.26 | $ 60.50 |
| Net income | 11.22 | 12.90 | 22.60 | 20.50 | 10.90 | |
| Total assets | 55.84 | 67.15 | 68.83 | 79.61 | 112.83 | |
| Equity | 32.00 | 42.15 | 45.16 | 47.98 | 52.75 | 44.90 |
| Dividends |
| - | - | 0.24 | 0.59 | 0.10 |
2. What is the actual growth rate for years 2007- 2010 ?
| a. | 32.80% ; 33.80%; 3.34% ; 66.5% | |
| b. | 19.80% ; 20.98% ; 5.34% ; -55.92% | |
| c. | 1.98%; 2.08% ; 1.34% ; -5.59% | |
| d. | 12.1% ; 22.34%; 15.89% ; 45.79% |
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