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Dominant Retailers, Inc. : Last Year Two Years Ago Sales $ 2 4 2 , 2 9 0 . 0 0 $ 2 2 6

Dominant Retailers, Inc. :
Last Year Two Years Ago
Sales $242,290.00 $226,954.00
Cost of Goods Sold $176,900.00 $170,382.00
Gross Profit $65,390.00 $56,572.00
Cash Operating Expenses $32,590.00 $29,779.00
Depreciation $15,250.00 $13,375.00
EBIT $17,550.00 $13,418.00
Interest Expense $5,689.00 $5,245.00
EBT $11,861.00 $8,173.00
Taxes at 25% $2,965.25 $2,043.25
Net Income $8,895.75 $6,129.75 Using the data from Dominant Retailers, Inc.s (DRI) Income Statement, what is the rate of growth in Sales from two years ago to last year 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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