Sales data for 1995, 1996, and 1997 for Easy Growth Inc. follow. 1995 1996 1997 Sales $80,000
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Sales data for 1995, 1996, and 1997 for Easy Growth Inc. follow. 1995 1996 1997 Sales $80,000 $120,000 $160,000 After reviewing the growth in sales, Milton Smarts, the company president, commented that according to the financial statements, sales doubled from 1995 to 1997. Assume that the general inflation rate as well as the price increase of Easy Growth’s products for the period of 1995 to 1997 was 10 percent.
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