Sales forecasts. For the prior three years, sales for California Cement Company have been $19,912,000 (2011), $21,138,000 (2012), and $22,821,000 (2013). The comapny uses the prior two years' average growth rate to predict the coming year's sales. What were the sales growth rates for 2012 and 2013? What is the expected sales growth rate using a two-year average for 2014? What is the sales forecast for 2014? What was the sales growth rate for 2012? % (Round to two decimal places.) What was the sales growth rate for 2013? % (Round to two decimal places.) What is the expected sales growth rate using a two-year average for 2014? % (Round to two decimal places.) What is the sales forecast for 2014? $ (Round to the nearest dollar.)

Sales forecasts. For the prior three years, sales for California Cement Company have been $19,912,000 (2011), $21,138,000 (2012), and $22,821,000 (2013). The comapny uses the prior two years' average growth rate to predict the coming year's sales. What were the sales growth rates for 2012 and 2013? What is the expected sales growth rate using a two-year average for 2014? What is the sales forecast for 2014? What was the sales growth rate for 2012? % (Round to two decimal places.) What was the sales growth rate for 2013? % (Round to two decimal places.) What is the expected sales growth rate using a two-year average for 2014? % (Round to two decimal places.) What is the sales forecast for 2014? $ (Round to the nearest dollar.)

Entrepreneurial Finance

6th Edition

ISBN:9781337635653

Author:Leach

Publisher:Leach

ChapterC1: Eco Products, Inc

Section: Chapter Questions

Problem gA

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