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Question 9 of 20 Problem 5.11 (Growth Rates) Check My Work (3 remaining) eBook Sawyer Corporation's 2018 sales were 57 million. Its 2013 sales were

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Question 9 of 20 Problem 5.11 (Growth Rates) Check My Work (3 remaining) eBook Sawyer Corporation's 2018 sales were 57 million. Its 2013 sales were $3.5 million. a. At what rate have sales been growing? Round your answer to two decimal places. 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? Select

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