A company’s sales in 2016 were $300,000 and in 2017 were

$351,000. Using 2016 as the base year, the sales trend percent for 2017 is:

a. 17%.

c. 100%.

e. 48%.

b. 85%.

d. 117%.

Use the following information for questions 2 through 5.

Transcribed Image Text:

ELLA COMPANY Balance Sheet December 31, 2017 Assets Cash $ 86,000 Accounts receivable.. 76,000 Merchandise inventory. 122,000 Prepaid insurance 12,000 Long-term investments 98,000 Plant assets, net.. 436,000 Total assets.. $830,000 Liabilities and Equity Current liabilities ..... $124,000 Long-term liabilities 90,000 Common stock.. 300,000 Retained earnings 316,000 Total liabilities and equity $830,000