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QUESTION
Below are simplified versions of the balance sheet and income statement for Toys by Tom, Inc. Use this information to answer the following question.
Below are simplified versions of the balance sheet and income statement for Toys by Tom, Inc. Use this information to answer the following question.
If sales in 2003 were $10,000, what is the compounded average growth rate?
- 8.6%
- 6.7%
- 6.3%
- Not enough information available
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