At what rate have sales been


At what rate have sales been growing? Round your answer to two decimal places. %

Suppose someone made this statement: "Sales doubled in 5 years. This represents a growth of 100% in 5 years, so, dividing 100% by 5, we find the growth rate to be 20% per year." Is the statement correct?

Request for Solution File

Ask an Expert for Answer!!
Financial Management: At what rate have sales been
Reference No:- TGS02747995

Expected delivery within 24 Hours