Based on the annual sales growth rates of the company and the weighted-moving average formula, the annual sales growth rate for 2020E is 10.60%.
What is the annual sales growth rate for 2020E?
First, find the growth rates in 2019, 2018, and 2017.
2019 growth rate:
= (150,772 / 131,345) - 1
= 14.79%
2018 growth rate:
= (142,341 / 131,345) - 1
= 8.37%
2017 growth rate:
= (131,345 / 131,345) - 1
= 0%
The estimated sales growth for 2020E is:
= (3/6 x 14.79) + (2/6 x 8.37) + (1/6 x 0)
= 10.6%
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