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TechVision Enterprises has seen steady growth in revenue over the past three years. The company's financial data is as follows: Year 1: Revenue: $75 million,
- TechVision Enterprises has seen steady growth in revenue over the past three years. The company's financial data is as follows:
- Year 1: Revenue: $75 million, Net Income: $9 million
- Year 2: Revenue: $95 million, Net Income: $12 million
- Year 3: Revenue: $115 million, Net Income: $15 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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Basic Technical Mathematics
Authors: Allyn J. Washington, Richard Evans
12th Edition
9780137529896
