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
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.
Step by Step Solution
3.40 Rating (150 Votes )
There are 3 Steps involved in it
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 full answer
Get step-by-step solutions from verified subject matter experts
Study Help