Question
888,345 and 932,498 for the years 2018 and 2019, respectively. Which company is growing faster by percentage growth rate? QUESTION 1 of 10:Company A has revenues of 45,333 and 53,212 for the years 2018 and 2019, respectively. Company B has revenues of C a) Company A b) Company B c) They are growing at the same rate
Solution
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Resposta
To determine which company is growing faster by percentage growth rate, we need to calculate the percentage growth rate for both Company A and Company B.For Company A:Percentage growth rate = (Revenue in 2019 - Revenue in 2018) / Revenue in 2018 * 100Percentage growth rate = (
45,333) /
7,879 /
932,498 -
888,345 * 100Percentage growth rate =
888,345 * 100Percentage growth rate ≈ 4.98%Comparing the percentage growth rates, we can see that Company A has a higher percentage growth rate of approximately 17.38% compared to Company B's percentage growth rate of approximately 4.98%.Therefore, the answer is:a) Company A