Question
5-11. Growth Rates Sawyer Corporations 2017 sales were $5 million. Its 2012 sales were $2.5 million. At what rate have sales been growing? Suppose someone
5-11.
Growth Rates Sawyer Corporations 2017 sales were $5 million. Its 2012 sales were $2.5 million.
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At what rate have sales been growing?
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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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Financial Intelligence For IT Professionals
Authors: Karen Berman, Joe Knight, John Case
1st Edition
1422119149, 9781422119143
