How can I find the sales growth rate in the percentage of sales method of Forecasting income statements?
I have to find a company to forecast its income statement for two years for a school project. I want to find out how to calculate the growth rate of sales.
Sales growth rate = ((Sales Year 2 – Sales Year 1)/Sales Year 1) x 100%. Do that calculation using the last 5 years of data and then take an average. That’s the easiest way to do it and should suffice for the purposes of your assignment.