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Urban Development Co. has witnessed steady growth in revenue over the past three years. The company's financial data is as follows: Year 1: Revenue: $100
- Urban Development Co. has witnessed steady growth in revenue over the past three years. The company's financial data is as follows:
- Year 1: Revenue: $100 million, Net Income: $14 million
- Year 2: Revenue: $130 million, Net Income: $18 million
- Year 3: Revenue: $160 million, Net Income: $22 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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Linear Algebra
Authors: Jim Hefferon
1st Edition
978-0982406212, 0982406215
