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Compound or geometric average growth rate for sales

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Reference no: EM132505679

Calculate the compound or geometric average growth rate for sales for the period from 2008 to 2017.

a. 22.48%

b. 14.15%

c. 13.87%

d. 9.42%

e. 8.44%

Year 2017 2016 2015 2014 2013 2012 2011 2010 2009 2008

Sales $572.8 $397.8 $510.5 $668.6 $729.2 $669.1 $530.9 $353.1 $325.4 $254.8

Reference no: EM132505679

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