Answered: A company reported that annual revenue…

A company reported that annual revenue increased from $528 million to $5,100 million over 10 years. What is the geometric mean annual percent increase in revenues?

Intermediate Financial Management (MindTap Course List)

13th Edition

ISBN:9781337395083

Author:Eugene F. Brigham, Phillip R. Daves

Publisher:Eugene F. Brigham, Phillip R. Daves

Chapter6: Accounting For Financial Management

Section: Chapter Questions

Problem 6P: In its most recent financial statements, Del-Castillo Inc. reported 70 million of net income and 900...

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A company reported that annual revenue increased from $528 million to $5,100 million over 10 years. What is the geometric mean annual percent increase in revenues?

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