Question
Question: GROWTH RATES - Sawyer Corporation's 2015 sales were $5 million. Its 2010 sales were $2.5 million. a) At what rate have sales been growing?
Question:
GROWTH RATES- Sawyer Corporation's 2015 sales were $5 million. Its 2010 sales were $2.5 million.
a) At what rate have sales been growing?
b)Supposesomeonemadethisstatement:"Salesdoubledin5years.Thisrepresentsagrowthof100%in5years;sodividing100%by5,wefindthegrowthratetobe20%peryear."Isthestatementcorrect?
Please provide a detailed responsethat demonstrates how the answers were arrived at. Thank you.
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Operations management
Authors: Jay Heizer, Barry Render
10th edition
978-0136119418, 136119417, 978-0132163927
