Question
The sales revenue of Kam Chan Limited for 2014 is $100 million. The CEO talked to the sales director in December of 2014. The board
The sales revenue of Kam Chan Limited for 2014 is $100 million. The CEO talked to the sales director in December of 2014. The board has set a target of $400 million for 2019 and expects that there should be stable annual growth of sales over the 5 years period. What should be the annual growth rate for Kam Chan Limited?
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Financial Accounting Theory
Authors: William R. Scott
3rd Edition
0130655775, 9780130655776
