Annual revenue for a company grew by 5.4% in 2014, 1.2% in 2015, -3.6 % in 2016, -1.2% in 2017, and 1.7% in 2018. What is the mean growth annual rate (as a percent) over this period? (Round your answer to four decimal places.) 0.7 X% Need Help? Read It

Entrepreneurial Finance
6th Edition
ISBN:9781337635653
Author:Leach
Publisher:Leach
Chapter4: Preparing And Using Financial Statements
Section: Chapter Questions
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FERRIEFING
Annual revenue for a company grew by 5.4% in 2014, 1.2% in 2015, -3.6 % in 2016, -1.2% in 2017, and 1.7% in 2018. What
is the mean growth annual rate (as a percent) over this period? (Round your answer to four decimal places.)
0.7
X %
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Transcribed Image Text:FERRIEFING Annual revenue for a company grew by 5.4% in 2014, 1.2% in 2015, -3.6 % in 2016, -1.2% in 2017, and 1.7% in 2018. What is the mean growth annual rate (as a percent) over this period? (Round your answer to four decimal places.) 0.7 X % Need Help? Submit Answer Read It
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