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Green Energy Corp. has shown steady growth in revenue over the past three years. The company's financial data is as follows: Year 1: Revenue: $60
- Green Energy Corp. has shown steady growth in revenue over the past three years. The company's financial data is as follows:
- Year 1: Revenue: $60 million, Net Income: $8 million
- Year 2: Revenue: $75 million, Net Income: $12 million
- Year 3: Revenue: $95 million, Net Income: $15 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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Auditing Cases An Interactive Learning Approach
Authors: Steven M Glover, Douglas F Prawitt
4th Edition
0132423502, 978-0132423502
