Shown as follows is information from the financial reports of Petes Auto Parts for the past few
Question:
Shown as follows is information from the financial reports of Pete’s Auto Parts for the past few years.
Instructions
a. Calculate the following statistics for Pete’s Auto Parts (round all computations to one decimal place).
1. The percentage change in net sales from year 1 to year 2 and year 2 to year 3. 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 year 1 to year 2 is computed by dividing the difference between year 2 and year 1 net sales by the amount of year 1 net sales, or ($17,800 − $16,560) ÷ $16,560 = 7.5% increase.
2. The percentage change in net sales per square foot of selling space from year 1 to year 2 and year 2 to year 3.
3. The percentage change in comparable store sales from year 1 to year 2 and year 2 to year 3.
b. Evaluate the sales performance of Pete’s Auto Parts.
Transcribed Image Text:
Year 3 Year 2 Year 1 Net sales (In milllons) Number of stores Square feet of selling space (In milllons) Average net sales of comparable stores (In milllons) $18,480 $17,800 $16,560 230 10.2 $ 71.15$72.25 73.50 244 11.4 266 12.0
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