Question

5) Big Corporation had the following sales over the last 4 years; Year Sales (in 000s) bgs 1 225.00 2 236.25 3 243.125 4 248.00 a) What was the growth rate in sales between years 1

Answer 1

Answer:

5%

Explanation:

a) What was the growth rate in sales between years 1 and 2

Growth rate measures the increase in the level of sales over a period of time

Growth rate from year 1 to 2 = (increase in sales from year 1 to 2 / sales in year 1) x 100

increase in sales from year 1 to 2 = 236.25 - 225 = 11.25

(11.25 / 225) x 100 = 5%