Ivanhoe Sales Company has sales of $1,750,000. If the company's management expects sales to grow 7.00 percent annually, how long will it be before sales double? Use financial calculator to solve this problem. (Round answer to 0 decimal places, e.g. 20.) Time needed to double its sales years

Excel Applications for Accounting Principles
4th Edition
ISBN:9781111581565
Author:Gaylord N. Smith
Publisher:Gaylord N. Smith
Chapter22: Master Budget (master)
Section: Chapter Questions
Problem 5R: Suppose the company has just the opposite news and now expects unit sales for August, September, and...
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Ivanhoe Sales Company has sales of $1,750,000. If the company's management expects sales to grow 7.00 percent annually, how
long will it be before sales double? Use financial calculator to solve this problem. (Round answer to O decimal places, e.g. 20.)
Time needed to double its sales
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years
Transcribed Image Text:Ivanhoe Sales Company has sales of $1,750,000. If the company's management expects sales to grow 7.00 percent annually, how long will it be before sales double? Use financial calculator to solve this problem. (Round answer to O decimal places, e.g. 20.) Time needed to double its sales Save for Later years
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