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Assume the provided information in exhibit 4 is for the last ten years. Then, according to provided information, how can you forecast the amount of
Assume the provided information in exhibit 4 is for the last ten years. Then, according to provided information, how can you forecast the amount of profit for 2023 accurately? Why? | ||||
EXHIBIT 4 | ||||
Year | Turnover(based on 1993 Index of 100) | Net profit (based on 1993 Index of 100) | Shareholders' Equity (based on 1993 Index of 100) | Return on Equity (Based on Actual Figures) |
1993 | 100 | 100 | 100 | 14.9% |
1994 | 98.08 | 189.12 | 115.62 | 25.1% |
1995 | 131.21 | 242.55 | 138.93 | 26.7% |
1996 | 133.77 | 257.49 | 164.63 | 24.0% |
1997 | 141 | 308.99 | 195.15 | 24.3% |
1998 | 141.92 | 285.78 | 222.71 | 19.7% |
1999 | 160.77 | 414.7 | 241.42 | 26.3% |
2000 | 171.72 | 378.5 | 247.6 | 23.4% |
2001 | 171.24 | 92.43 | 271.37 | 22.1% |
2002 | 206.36 | 414.72 | 307.54 | 20.7% |
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