Problem

Trend AnalysisShown below is information from the financial reports of Jill's Departme...

Trend Analysis

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

 

2011

2010

2009

Net sales (in millions)

$9,240

$8,810

$8,140

Number of stores

133

122

115

Square feet of selling space (in millions)

6.0

5.7

5.1

Average net sales of comparable stores (in millions)

$ 70.2

$ 72.3

$ 75.0

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. 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 2009 to 2010 is computed by dividing die 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 Department Stores.

Step-by-Step Solution

Request Professional Solution

Request Solution!

We need at least 10 more requests to produce the solution.

0 / 10 have requested this problem solution

The more requests, the faster the answer.

Request! (Login Required)


All students who have requested the solution will be notified once they are available.
Add your Solution
Textbook Solutions and Answers Search