If the number of workers in auto assembly in Canada declined by 32% from its peak at the end of 1999 to the beginning of 2011, what was the compound annual rate of attrition in the field during this period? (Do not round intermediate calculations. Round your percentage answer to 2 decimal places.) The number of workers declined at the rate of %compounded annually

Financial Reporting, Financial Statement Analysis and Valuation
8th Edition
ISBN:9781285190907
Author:James M. Wahlen, Stephen P. Baginski, Mark Bradshaw
Publisher:James M. Wahlen, Stephen P. Baginski, Mark Bradshaw
Chapter4: Profitability Analysis
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If the number of workers in auto assembly in Canada declined by 32% from its peak at the end of 1999 to the beginning of 2011, what was the compound annual rate of attrition in the field during this period? (Do not round intermediate calculations. Round your percentage answer to 2 decimal places.) The number of workers declined at the rate of %compounded annually 

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