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Company ABC has its latest six years of Sales in the table below. First, calculate each year s annual growth in sales from the previous
Company ABC has its latest six years of Sales in the table below. First, calculate each years annual growth in sales from the previous year; with six years of sales, you will be able to calculate five annual growth rates in sales. What is the arithmetic average rate of growth in percentage calculated to two decimal places. Do not enter in the answer box. For example, if your answer is or then enter as in the answer box.
Year Sales
$
$
$
$
$
$
Using the same data from problem what is the geometric mean rate of growth in percentage calculated to two decimal places. Do not enter in the answer box. For example, if your answer is or then enter as in the answer box.
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