look at photo

5-11 GROWTH RATES Shalit Corporation's 2013 sales were $12 million. Its 2008 sales were $6 million. a. At what rate have sales been growing? b. Suppose someone made this statement: "Sales doubled in 5 years. This represents a growth of 100% in 5 years; so dividing 100% by 5, we find the growth rate to be 20% per year." Is the statement correct