awyer Corporation's 2018 sales were $7 million, Its 2013 sales were $3.5 million. - 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? The statement is coriect bectuse 400% devised by 5 equels 2056 The statement is incorrect because there are 6 years of eales growin between 2013 and 2010 The statement is incortect bechuse a company sales cannot double in wach a short time span. The statement is incoriest ance the effect of compounding is not consideind. The stafeinent is carect since the effect of discounting is considered