Q: Based on year-over-year could we say that the sales growth was over 33% since we have a negative growth in 2017?
A: The sales growth rate measures the percentage change from one period to the next. In 2018 sales increased, or improved, by 15.73% above the 2017 level. But the difference in the two sales growth rates would approximate your suggested 33% – a 17.97% decrease in 2017 followed by a 15.73% increase in 2018. The accurate sales growth that would be stated in the credit request is 15.73%.
Q: Is there a test after this session or after all sessions?
A: As with all the Credit College sessions and courses, there is a Review Quiz after each session and a Final Exam after all sessions in the course – four sessions in this instance. Here are the options for Credit College testing and scoring:
- Take all Review Quizzes and take the Final Exam. Review Quizzes and Final Exam scores add up to score for the course.
- Skip some or all Review Quizzes but take the Final Exam. The Final Exam score is the only score for the course.
- Skip all Review Quizzes and skip the Final Exam, i.e., forego testing.
Course overview: The UCA Cash Flow Statement and the Traditional "Cash Flow" Proxy