Assume the following cost of goods sold data for a company: 2018..................$ 1412000 2017..................$ 1221000 2016..................$ 1021000
Question:
2018..................$ 1412000
2017..................$ 1221000
2016..................$ 1021000
If 2016 is the base year,
What is the percentage increase in cost of goods sold from 2016 to 2018?
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Related Book For 
Horngrens Financial and Managerial Accounting
ISBN: 978-0133866292
5th edition
Authors: Tracie L. Nobles, Brenda L. Mattison, Ella Mae Matsumura
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