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Eco-Friendly Products Ltd. has seen consistent growth in revenue over the past three years. The company's financial data is as follows: Year 1: Revenue: $50
- Eco-Friendly Products Ltd. has seen consistent growth in revenue over the past three years. The company's financial data is as follows:
- Year 1: Revenue: $50 million, Net Income: $6 million
- Year 2: Revenue: $70 million, Net Income: $10 million
- Year 3: Revenue: $90 million, Net Income: $14 million
Calculate the compound annual growth rate (CAGR) of the company's revenue and net income over the three-year period.
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McGraw Hills Conquering SAT Math
Authors: Robert Postman, Ryan Postman
2nd Edition
0071493417, 978-0071493413
