Suppose a firm has had the following historic sales figures. What would be the forecast for next year's sales using the average approach? You must use the built-in Excel function to answer this question. Input area: Year Sales 2016 2017 2018 2019 2020 sssssss $ 1,500,000 $ 1,750,000 1,400,000 $ 2,000,000 $ 1,600,000 Output area: Next year's sales

Entrepreneurial Finance
6th Edition
ISBN:9781337635653
Author:Leach
Publisher:Leach
Chapter9: Projecting Financial Statements
Section9.4: Estimating Additional Financing Needed To Support Growth
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Suppose a firm has had the following historic sales figures. What would be the forecast for next year's sales
using the average approach?
You must use the built-in Excel function to answer this question.
Input area:
Year
Sales
2016
2017
2018
2019
2020
sssssss
$
1,500,000
$
1,750,000
1,400,000
$
2,000,000
$
1,600,000
Output area:
Next year's sales
Transcribed Image Text:Suppose a firm has had the following historic sales figures. What would be the forecast for next year's sales using the average approach? You must use the built-in Excel function to answer this question. Input area: Year Sales 2016 2017 2018 2019 2020 sssssss $ 1,500,000 $ 1,750,000 1,400,000 $ 2,000,000 $ 1,600,000 Output area: Next year's sales
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