Shareholders in an electronics company were informed that the company's market share increased from 6.5% to 8.45%, a rise of 1.95 percentage points. What percent increase in sales does this represent? %

Fundamentals of Financial Management, Concise Edition (with Thomson ONE - Business School Edition, 1 term (6 months) Printed Access Card) (MindTap Course List)
8th Edition
ISBN:9781285065137
Author:Eugene F. Brigham, Joel F. Houston
Publisher:Eugene F. Brigham, Joel F. Houston
Chapter3: Financial Statements, Cash Flow, And Taxes
Section: Chapter Questions
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Shareholders in an electronics company were informed that the company's market share increased from 6.5% to 8.45%, a rise of 1.95 percentage points. What percent
increase in sales does this represent?
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Transcribed Image Text:Shareholders in an electronics company were informed that the company's market share increased from 6.5% to 8.45%, a rise of 1.95 percentage points. What percent increase in sales does this represent? Need Help? % Read it Watch it Master it
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