Shown below is information from the financial reports of Jill€™s Department Stores for the past few years.

Instructions
a. Calculate the following statistics for Jill€™s Department Stores (round all computations to one decimal place):
1. The percentage change in net sales from 2009 to 2010 and 2010 to 2011. 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 2010 and 2009 net sales by the amount of 2009 net sales, or ($8,810 - $8,140) ÷ $8,140 = 8.2% 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 Jill€™s DepartmentStores.

Transcribed Image Text:

Net sales (in millions) Number of stores Square feet of selling space (in millions) Average net sales of comparable stores (in millions) 2011 2010 2009 $9,240 $8,810 $8,140 133 122 115 6.0 5.7 5.1 70.2 $ 72.3 $ 75.0