Question
1. Sawyer Corporation's 2015 sales were $5 million. Its 2010 sales were $2.5 million. A. At what rate have sales been growing? -Financial calculator calculation.
1. Sawyer Corporation's 2015 sales were $5 million. Its 2010 sales were $2.5 million.
A. At what rate have sales been growing?
-Financial calculator calculation.
-Excel calculation
B. 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?
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Corporate Financial Management
Authors: Douglas R. Emery, John D. Finnerty, John D. Stowe
4th Edition
1935938002, 9781935938002
