Determine the year-to-year percentage annual growth in total net sales (see financial chart below) ) Based only on your answers to question #1, do you think the company achieved its sales goal of +10% annual revenue growth in 2009? Determine the target revenue figure, and explain why you do or do not feel that the company hit its target.

Next, consider Micro Chip's Consolidated Statement of Operations for the year ended September 25, 2008 (see below financial data for FY;s 2008, 2007, 2006, 2005 & 2004 chart)

Use the Percentage Sales Method and a 25% increase in sales to forecast Micro Chip's Consolidated Statement of Operations for the period of September 26, 2008 through September 25, 2009. Assume a 15% tax rate and restructuring costs of 5% of the new sales figure. Discuss your results from question number #1. What assumptions have you made? Do any of your assumptions seem unreasonable? Explain in 1-2 pages your answers to the above 4 questions. Show mathematical calculations in excel.

Micro Chip Computer Corporation (Financial Statement September 2007 - September 2008 below)

Sales: $8,334.00, Cost of Sales: $5,458.00, Gross Margin: $2,876.00, Operating Expenses: R&D - %525.00, Inprocess R&D - 0, Total Operating Expenses $1,216.00, Operating Income: $1,660.00, Total interest and other net income: $194.00, Provision for income taxes (15%): $278.10, Net income: $1,575.90

.