Question: Need help with this question ! Required Information ($ thousands) Current Year Prior Year Net sales $ 803, 470 $ 455, 095 Cost of goods

Need help with this question

Need help with this question ! Required Information ($ thousands) Current Year

! Required Information ($ thousands) Current Year Prior Year Net sales $ 803, 470 $ 455, 095 Cost of goods sold 394, 775 135, 878 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.) x Answer is complete but not entirely correct. Trend Percent for Net Sales: Numerator: 1 Denominator: Analysis period net sales V Base year net sales = Trend Percent Current Year: 803,470 455,095 176.5 % Prior Year: 455,095 S 12,239 (X = 3,718.4 %

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