1. Shown in the table below is information from Knauss Supermarkets' financial reports for the past few...
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Question:
1. Shown in the table below is information from Knauss Supermarkets' financial reports for the past few years.
| 3 years | 2 years | Year 1 | ||||||||||
| Net sales (in millions) | $ | 5.495 | $ | 5.184 | $ | 4.800 | ||||||
| Number of stores | 448 | 445 | 430 | |||||||||
| Square feet of sales area (in million) | 11.9 | 11.1 | 10.0 | |||||||||
| Average net sales of comparable stores (in millions) | $ | 10.8 | $ | 11.0 | $ | 11.4 | ||||||
Necessary:
A. Calculate the following statistics for Knauss Supermarkets
a-1. Percent change in net sales from year 1 to year 2 and from year 2 to year 3. Hint: Percentage change is calculated by dividing the dollar amount of change between years by the base year amount.
a-2. Percent change in net sales per square meter of sales area from year 1 to year 2 and from year 2 to year 3.
a-3. Percentage change in comparable store sales from year 1 to year 2 and from year 2 to year 3.
Expert Answer:
To calculate the requested statistics for Knauss Supermarkets well use the provided information a1 Percent change in net sales from year 1 to year 2 a... View the full answer
Related Book For 
Financial and Managerial Accounting the basis for business decisions
ISBN: 978-0078111044
16th edition
Authors: Jan Williams, Susan Haka, Mark Bettner, Joseph Carcello
Posted Date:
