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Fundamentals of Financial Manageme...
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GROWTH RATES Sawyer Corporation’s 2015 sales were $5 million. Its 2010 sales were $2.5 million.
- a. At what rate have sales been growing?
- b. Suppose someone made this statement: “Sales doubled in 5 years. This represents a growth of 100% in 5 years; so dividing 100% by 5, we find the growth rate to be 20% per year.” Is the statement correct?
(a)
To compute: The growth rate of sales.
Growth Rate:
It consider as a percentage change in a particular value from the past to the present time period. It is important to measure the growth as it shows how well or how bad a company or an economy performing from its past.
Given,
Sales in 2010 were $2.5 million and sales in 2015 were $5 million.
The formula to calculate growth rate is
Substitute $5 million for current sale and $2.5 million for previous sale
(b)
To identify: If the given statement is true.
Growth Rate:
It consider as a percentage change in a particular value from the past to the present time period. It is important to measure the growth as it shows how well or how bad a company or an economy performing from its past.
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