Shown below is information from the financial reports of Knauss Supermarkets for the past few years. 2011 2010 2009 net sales (in millions) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . $5,495 $5,184 $4,800 Number of stores . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 448 445 430 Square feet of selling space (in millions) . . . . . . . . . . . . . . . . . . . 11.9 11.1 10.0 Average net sales of comparable stores (in millions) . . . . . . . . . . $10.8 $ 11.0 $ 11.4 PROBLEM 6.3A Trend Analysis Instructions a. Calculate the following statistics for Knauss Supermarkets (round your answers to one decimal place): 1. The percentage change in net sales from 2009 to 2010 and 2010 to 2011. Hint: The percentage change is computed by dividing the dollar amount of the change between years by the amount of the base year. For example, the percentage change in net sales from 2009 to 2010 is computed by dividing the difference between 2009 to 2010 net sales by the amount of 2009 net sales, or ($5,184 ! $4,800) $ $4,800 # 8% increase. 2. The percentage change in net sales per square foot of selling space from 2009 to 2010 and 2010 to 2011. 3. The percentage change in comparable store sales from 2009 to 2010 and 2010 to 2011. b. Evaluate the sales performance of Knauss Supermarkets.
Shown below is information from the financial reports of Knauss Supermarkets for the past few years. 2011 2010 2009 net sales (in millions) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . $5,495 $5,184 $4,800 Number of stores . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 448 445 430 Square feet of selling space (in millions) . . . . . . . . . . . . . . . . . . . 11.9 11.1 10.0 Average net sales of comparable stores (in millions) . . . . . . . . . . $10.8 $ 11.0 $ 11.4 PROBLEM 6.3A Trend Analysis Instructions a. Calculate the following statistics for Knauss Supermarkets (round your answers to one decimal place): 1. The percentage change in net sales from 2009 to 2010 and 2010 to 2011. Hint: The percentage change is computed by dividing the dollar amount of the change between years by the amount of the base year. For example, the percentage change in net sales from 2009 to 2010 is computed by dividing the difference between 2009 to 2010 net sales by the amount of 2009 net sales, or ($5,184 ! $4,800) $ $4,800 # 8% increase. 2. The percentage change in net sales per square foot of selling space from 2009 to 2010 and 2010 to 2011. 3. The percentage change in comparable store sales from 2009 to 2010 and 2010 to 2011. b. Evaluate the sales performance of Knauss Supermarkets.
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
Related questions
Question
Shown below is information from the financial reports of Knauss Supermarkets for the past few
years. 2011 2010 2009
net sales (in millions) . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . $5,495 $5,184 $4,800
Number of stores . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 448 445 430
Square feet of selling space (in millions) . . . . . . . . . . . . . . . . . . . 11.9 11.1 10.0
Average net sales of comparable stores (in millions) . . . . . . . . . . $10.8 $ 11.0 $ 11.4
PROBLEM 6.3A
Trend Analysis
Instructions
a. Calculate the following statistics for Knauss Supermarkets (round your answers to one decimal
place):
1. The percentage change in net sales from 2009 to 2010 and 2010 to 2011. Hint: The percentage
change is computed by dividing the dollar amount of the change between years
by the amount of the base year. For example, the percentage change in net sales from
2009 to 2010 is computed by dividing the difference between 2009 to 2010 net sales by
the amount of 2009 net sales, or ($5,184 ! $4,800) $ $4,800 # 8% increase.
2. The percentage change in net sales per square foot of selling space from 2009 to 2010
and 2010 to 2011.
3. The percentage change in comparable store sales from 2009 to 2010 and 2010 to 2011.
b. Evaluate the sales performance of Knauss Supermarkets.
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