2006 $2,173,321 2007 $2,240,537 2008 $2,154,363 2009 $2,267,750 2010 $2,350,000 Average Historical Change in Sales Using the data for Acme, the historical change in sales is calculated as (new - old)/old.  Based on this, the change in sales from 2006 to 2007 is calculated as (2,240,537 - 2,173,321)/2,173,321 = 0.031. Calculate the percentage change in sales for 2007_2008, 2008_2009, and 2009_2010.  Round to 4 decimal places. Choose between the following: A. -.03846, .05263, .03627 B. .0385, .0526, .0363 C. -.0385, .0526, .0363

Cornerstones of Financial Accounting
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Chapter12: Fainancial Statement Analysis
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Problem 87PSA: A Using Common Size Statements The following income statement and vertical analysis data are...
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Sales for Acme Roadrunner Eradication Inc.

2006 $2,173,321

2007 $2,240,537

2008 $2,154,363

2009 $2,267,750

2010 $2,350,000

Average Historical Change in Sales

Using the data for Acme, the historical change in sales is calculated as (new - old)/old.  Based on this, the change in sales from 2006 to 2007 is calculated as (2,240,537 - 2,173,321)/2,173,321 = 0.031.

Calculate the percentage change in sales for 2007_2008, 2008_2009, and 2009_2010.  Round to 4 decimal places.

Choose between the following:

A. -.03846, .05263, .03627

B. .0385, .0526, .0363

C. -.0385, .0526, .0363

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