Business, 20.06.2020 17:57 robert7248
Use the following information to determine the Prior Year and Current Year trend percents for net sales using the Prior Year as the base year.
($ thousands) Current Year Prior Year
Net sales $801,810 $453,000
Cost of goods sold 392,887 134,088
Trend Percent for Net Sales:
Choose Numerator: Choose Denominator:
Base year cost of goods Base year net sales Trend percent
Current Year: 392,887 $B01,810 x = 49.0 %
Prior Year: 134,088 $453,000 = 29.6 %
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Use the following information to determine the Prior Year and Current Year trend percents for net sa...
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