Sure, let's take a hypothetical company's financial report. Let's say five years ago, the company's revenue was $1 million, and in the most recent report, it's $2 million. This means the company's revenue has doubled over five years. To calculate the average annual growth rate, we can use the formula: (Ending value / Beginning value) ^ (1 / Number of years) - 1. So, (2 million / 1 million) ^ (1 / 5) - 1 = 0.1487 or approximately 14.87%. This is the average annual growth rate. Similarly, you can calculate the growth rates for other key numbers. Remember, this is a simplified example and real-world calculations might be more complex and take other factors into account.
Do you long for the day when you can work less and travel more? Do you fear that you’ll never have e...
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