Aztec, Inc. had net sales of $250,000 and cost of goods sold of $150,000 in 2012, net
Question:
Aztec, Inc. had net sales of $250,000 and cost of goods sold of $150,000 in 2012, net sales of $275,000 and cost of goods sold of $165,000 in 2013, and net sales of $300,000 and cost of goods sold of $177,000 in 2014.
1. Find the percentage change in net sales from 2012 to 2013 and from 2013 to 2014.
2. Find the percentage change in gross profit from 2012 to 2013 and from 2013 to 2014.
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Related Book For
Financial Accounting
ISBN: 978-0132889711
1st Canadian Edition
Authors: Jeffrey Waybright, Liang Hsuan Chen, Rhonda Pyper
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