Appleton Cabinets, Inc. manufactures and installs custom designed cabinets and counter tops for kitchens and bathrooms. Because of Appleton's quality at a competitive price, the CEO claims that the company did not suffer the revenue drop that competitors experienced in recent years, The chief accountant provides the CEO with a table of historical revenues. What has been the growth rate of revenue over the eight years? (Do not put your answer in a percentage. Round to 4 decimal places)
| Year |
Revenues
(in thousands of dollars) |
| 1 |
25,057 |
| 2 |
25,937 |
| 3 |
28,212 |
| 4 |
29,400 |
| 5 |
29,391 |
| 6 |
32,151 |
| 7 |
31,762 |
| 8 |
34,192
|