Question
2006 $2,173,321 2007 $2,240,537 2008 $2,154,363 2009 $2,267,750 2010 $2,350,000 Using the data above, the historical change in sales is calculated as (new - old)/old.
2006 $2,173,321
2007 $2,240,537
2008 $2,154,363
2009 $2,267,750
2010 $2,350,000
Using the data above, the historical change in sales is calculated as (new - old)/old. Based on this, the change in sales from 2006 to 2007 is calculated as (2,240,537 - 2,173,321)/2,173,321 = 0.031.
Calculate the percentage change in sales for 2007_2008, 2008_2009, and 2009_2010. Round to 4 decimal places.
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Analysis for Financial Management
Authors: Robert C. Higgins
12th edition
1259918963, 9781260140729 , 978-1259918964
