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Exercise 3.51 (Algo) METHODS AND APPLICATIONS Suppose that a company's sales were $1,000,000 three years ago and are $2,000,000 at the end of the
Exercise 3.51 (Algo) METHODS AND APPLICATIONS Suppose that a company's sales were $1,000,000 three years ago and are $2,000,000 at the end of the three years. Find the geometric mean growth rate of sales. (Round your answer to 4 decimal places.) Answer is complete but not entirely correct. Geometric mean growth rate of sales 0.0744 < Prev 9 of 9 Next
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Financial Accounting A User Perspective
Authors: Robert E Hoskin, Maureen R Fizzell, Donald C Cherry
6th Canadian Edition
470676604, 978-0470676608
