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Using the Base Case, calculate the annual sales growth for 2020E using a weighted-moving average of the past three years' growth rates, with the most
Using the Base Case, calculate the annual sales growth for 2020E using a weighted-moving average of the past three years' growth rates, with the most recent year given a weight of 3, the next given a weight of 2 and the oldest given a weight of 1. What is the growth rate? Use this rate (exact calculation) for the entire forecast period in the Base Case.
2015 2016 2017 2018 2019 2020E Income Statement Sales Revenue Cost of Sales Gross Profit $102,007 ($39,023) $62,984 $118,086 ($48,004) $70,082 $131,345 ($49,123) $82,222 $142,341 ($53,254) $89,087 $150,772 ($57,310) $93,462 SG&A Expense Depreciation Expense Interest Expense Income Before Income Taxes Income Taxes Net Income ($37,390) ($19,500) ($2,500) $3,594 ($1,120) $2,474 ($32,783) ($18,150) ($2,500) $16,649 ($4,858) $11,791 ($33,959) ($17,205) ($1,500) $29,558 ($8,483) $21,075 ($34,022) ($16,544) ($900) $37,622 ($10,908) $26,713 ($36,657) ($16,080) ($900) $39,825 ($11,598) $28,227Step by Step Solution
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