Calculate the annual growth rate in sales

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Reference no: EM1378466

Assume sales were $28,873, $35,626, and $47,689 for years 2000, 2001, and 2002, respectively. Calculate the annual growth rate in sales for 2001 and 2002.
Calculate the arithmetic average growth rate based on the annual growth rate calculations. Using the arithmetic average growth rate, compute the forecast for sales for 2003.

Reference no: EM1378466

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