Shalit corporations 2013 sales were 12 million its 2008, Ask an Expert

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Shalit Corporation's 2013 sales were $12 million. Its 2008 sales were $6 million. At what rate have sales been growing? Suppose someone made this statement: "Sales doubled in 5 years. This represents a growth of 100% in 5 years; so dividing 100% by 5, we find the growth rate to be 20% per year." Is the statement correct?

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Financial Management, Finance

Category:- Financial Management
Reference No.:- M92256199

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