Help with Growth Rates?

Hi all,

I'm trying to do a Quarter analysis of 2008 / 2007.

What is the formula? Is it simply 1-2007 / 2008?

Attached is my table, if someone could please check, it would be most appreciated . . . for some reason I don't think the numbers are working out.

Thanks!

2008/2007 - 1

The way I always did these was (New-Old)/Old. So where you have $517,748 tp $403,684 as a reduction of 28%, the formula above would yield about 22%. So in Sheet1, cell F7 should read:

=(E7-D7)/D7