Sawyer Corporation's 2020 sales were $5 million. Its 2015 sales were $2.5 million. a. At what rate have sales been growing? Round your answer to two decimal places. % year." Is the statement correct? -Select- 31 The statement is correct because 100% divided by 5 equals 20%. The statement is incorrect because there are 6 years of sales growth between 2015 and 2020 . The statement is incorrect because a company's sales cannot double in such a short time span. The statement is incorrect since the effect of compounding is not considered. The statement is correct since the effect of discounting is considered