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

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.<br /><br />For Company A:<br />Percentage growth rate = (Revenue in 2019 - Revenue in 2018) / Revenue in 2018 * 100<br />Percentage growth rate = ($53,212 - $45,333) / $45,333 * 100<br />Percentage growth rate = $7,879 / $45,333 * 100<br />Percentage growth rate ≈ 17.38%<br /><br />For Company B:<br />Percentage growth rate = (Revenue in 2019 - Revenue in 2018) / Revenue in 2018 * 100<br />Percentage growth rate = ($932,498 - $888,345) / $888,345 * 100<br />Percentage growth rate = $44,153 / $888,345 * 100<br />Percentage growth rate ≈ 4.98%<br /><br />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%.<br /><br />Therefore, the answer is:<br />a) Company A