Mathematics, 28.06.2019 15:00 nataliem02

Suppose that a company's annual sales were $1,200,000 in 1999. the annual growth rate of sales from 1999 to 2000 was 16 percent, from 2000 to 2001 it was ? 5 percent, and from 2001 to 2002 it was 22 percent. the geometric mean growth rate of sales over this three-year period is calculated as 10.37 percent. use the geometric mean growth rate and determine the forecasted sales for 2004

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Suppose that a company's annual sales were $1,200,000 in 1999. the annual growth rate of sales from...