Use the following information to determine the prior-year and current-year trend percents for net sales using the

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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.

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Financial Accounting Information For Decisions

ISBN: 9781260705584

10th Edition

Authors: John J. Wild

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Question Posted: Aug 23, 2021 08:29 AM

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Use the following information to determine the prior-year and current-year trend percents for net sales using the

Question:

$ thousands Current Yr Prior Yr Net sales..... $801,810 $453,000 Cost of goods sold 392,887 134,088

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Trend formula Present yearBase year 100 Trend...View the full answer

Financial Accounting Information For Decisions

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