The average (mean)income per year is: *

a. 20.11%

b. 120.11%

c. $160,000

d. 22.77%

2. The compound annual growth rate of revenue is: *

a. 10.08%

b. 9.86%

c. Equal to the arithmetic annual growth because the number of observations is small.

d. 60%

3. The arithmetic annual growth rate of revenue is: *

a. 10.08%

b. 9.86%

c. Equal to the compound annual growth because the number of observations is small.

d. $810,833

Problem 2 Part 1 The table below shows the revenue and the net income for UPO Company over the last 6 years. Fiscal Year 2019 2018 2017 Total Revenue (S) 1,000,000 920,000 800,000 Net Income(s) 200,000 250,000 200,000 2016 2015 2014 820,000 700,000 625,000 130,000 100,000 80,000