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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 0.12345 or 12.345% then enter as 12.35 in the answer box.
Year Sales
6 $ 829,534.00
5 $ 760,481.00
4 $ 719,370.00
3 $ 702,500.00
2 $ 740,334.00
1 $ 720,456.00
2. Using the same data from problem 1, 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 0.12345 or 12.345% then enter as 12.35 in the answer box.

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