The following table shows the revenues (in $ millions) for The Gap and American Eagle Outfitters for the years 2008–2010.
Source: Annual Reports for Gap, Inc., and American Eagle Outfitters, Inc.
a. Calculate the average growth rate for each firm.
b. Which firm had the higher growth rate over the 2008–2010 period?
Year Gap American Eagle 2008 15.73 3.06 2009 14.53 2.99 2010 14.20 2.99
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