CWRU Biosciences has just completed their most recent year with the following results (in thousands): Sales 1,000 Net income 20 Dividends 0 Net assets 250 Equity 200 The company forecasts that it will double sales for each of the next two years and that margins, dividend payout and productivity will be the same. 

What are forecast sales in the second year of the forecast (to the nearest thousand)?

Answer rating: 100% (QA)

To forecast sales for the second year lets first understand the given ... View the full answer