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Technology Innovations Ltd. has observed consistent growth in revenue over the past three years. The company's financial data is as follows: Year 1: Revenue: $150
- Technology Innovations Ltd. has observed consistent growth in revenue over the past three years. The company's financial data is as follows:
- Year 1: Revenue: $150 million, Net Income: $18 million
- Year 2: Revenue: $200 million, Net Income: $25 million
- Year 3: Revenue: $250 million, Net Income: $30 million
Calculate the compound annual growth rate (CAGR) of the company's revenue and net income over the three-year period.
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Accounting Theory Conceptual Issues in a Political and Economic Environment
Authors: Harry Wolk, James Dodd, John Rozycki
8th edition
1412991692, 978-1412991698
