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Horizontal Analysis Revenue of Company XYZ amounted to $11,000,000 in 2020 and $9,000,000 in 2019. Industry sources state that the average growth rate of all

image text in transcribed Horizontal Analysis Revenue of Company XYZ amounted to $11,000,000 in 2020 and $9,000,000 in 2019. Industry sources state that the average growth rate of all ompanies in the industry was 25%. Which of the below is true: Multiple Choice XYZ underperformed the industry with its revenue growing by 22% in 2020 . XYZ outperformed the industry with its revenue growing by 32% in 2020 . XYZ outperformed the industry with its revenue growing by 27% in 2020 . XYZ underperformed the industry with its revenue growing by 19% in 2020

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