Question: help Use the following information for the Quick Studies below. (Algo) (5 thousands Current Year Prior Year Net sales 5 804,389 $ 456,041 Cost of
Use the following information for the Quick Studies below. (Algo) (5 thousands Current Year Prior Year Net sales 5 804,389 $ 456,041 Cost of goods sold 395,737 136,661 QS 17-7 (Algo) Trend percents LO P1 Determine the Prior Year and Current Year trend percents for net sales using the prior Year as the base year (Enter the answers in thousands of dollars.) Answer is complete but not entirely correct. Trend Parsent for Net Sales: Numerator: Denominator: Analysis period cost of goods sold Analysis period net sales XE $ 804,389 $ 395,737 S 136,661 $ 456,041 - Current Year: Prior Year: Trend Percent 2033 % % 300
Step by Step Solution
There are 3 Steps involved in it
Get step-by-step solutions from verified subject matter experts
