The Following Information Has Been Collected from the Most Recent

question 23

Multiple Choice

The following information has been collected from the most recent three years of financial statements for the Dougherty Corporation: (All numbers are in thousands.)
-Refer to the information above. What was the average annual growth rate of Dougherty's earnings from 2006 to 2008? Round your answer to the nearest tenth of a percent.

• A)8.7%
• B)18.1%
• C)8.9%
• D)none of the above

---

Definitions:

Trillion

A numerical value representing a thousand billion, or 1,000,000,000,000, commonly used in discussing government budgets, economic indicators, and astronomical distances.

Public Debt

The amount of federal securities outstanding, which represents what the federal government owes (the accumulation of federal deficits minus surpluses over the last two centuries).

GDP

Gross Domestic Product, which is the total monetary or market value of all the finished goods and services produced within a country's borders in a specific time period.

Foreigners

Individuals or entities from one country that are located in or interacting with another country.