Question: An analyst expects that a company's net sales will double and the company's net income will triple over the next five-year period starting now. Based

An analyst expects that a company's net sales will double and the company's net income will triple over the next five-year period starting now. Based on the analyst's expectations, which of the following best describes the expected compound annual growth?
A. Net sales will grow 15% annually and net income will grow 25% annually.
B. Net sales will grow 20% annually and net income will grow 40% annually.
C. Net sales will grow 25% annually and net income will grow 50% annually.

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