Question: For the prior three years sales for National Beverage Company
For the prior three years, sales for National Beverage Company have been $21,962,000 (2007), $23,104,000 (2008), and $24,088,000 (2009). The company uses the prior two year’s average growth rate to predict the coming year’s sales. What were the sales growth rates for 2008 and 2009? What is the expected sales growth rate using a two-year average for 2010? What is the sales forecast for 2010?
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