Calculate the average growth rate directly from sales

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Question: The following table shows sales for Nike (in millions of $) for the years 2005 through 2009

1457_Year 1.png

a. Use the growth rates for 2005-2006, 2006-2007, 2007-2008, and 2008-2009 to calculate the average growth rate.

b. Calculate the average growth rate directly from sales.

Reference no: EM131460176

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