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A company has an annual sales growth rate of 8%, 5%, and 2% for three consecutive years. Determine t...
5 months ago
Q:
A company has an annual sales growth rate of 8%, 5%, and 2% for three consecutive years. Determine the average annual growth rate.
Accepted Solution
A:
To get the average growth rate, (8+5+2)/3 = 15/3 = 5 Therefore, the average growth rate is 5