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Apple and Google use historical sales growth rates in estimating future sales. Data below are for one product segment for each company (Apple : iPhone:
Apple and Google use historical sales growth rates in estimating future sales. Data below are for one product segment for each company (Apple : iPhone: and Google: Apps , Hardware, and Cloud services ) Sales ) iPhone Apple, Apple, 2 Year Prior Years Prior 164,688 149,337 Sales ) Apps, Hardware, and Cloud Google, Google, Year Prior Years Prior 19,906 15,503 Required : 1. Compute the sales growth rate for each company's product segment . Which company's product segment grew at a faster rate? 2. Assume the sales growth rates computed in part 1 are expected to continue into the current yearCompute estimated sales for each company's product segment
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