The line chart, as detailed in your ‘Graph Charts’ Excel spreadsheet, show sales increasing over the years, after an initial few rocky years from 1999 to 2002. In 2015, sales slightly decreased to under $4,000,000. Investors want to know what the projected sales will be in 2017. One method for determining this value is to calculate the average percentage growth, based on historical trends. For example, if sales were $200 last year and $500 this year, the average percentage growth between these years was 150%. ((500-200)/200)*100. Please calculate the average percentage growth for 2002 -2015 and projected sales for 2016 and 2017.
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