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Please help asap!! will upvote!!!! Sales forecasts. For the prior three years, sales for California Cement Company have been $19,962,000 (2011), $21,087,000 (2012), and $22,895,000
Please help asap!! will upvote!!!!
Sales forecasts. For the prior three years, sales for California Cement Company have been $19,962,000 (2011), $21,087,000 (2012), and $22,895,000 (2013). The comapny uses the prior two years' average growth rate to predict the coming year's sales. What were the sales growth rates for 2012 and 2013? What is the expected sales growth rate using a two-year average for 2014? What is the sales forecast for 2014? What was the sales growth rate for 2012? % (Round to two decimal places.)Step by Step Solution
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