Question: ! Required information Use the following information for the Quick Studies below. (Algo) ($ thousands) Net sales Cost of goods sold Current Year $802,213

! Required information Use the following information for the Quick Studies below. (Algo) ($ thousands) Net sales Cost of goods sold Current Year $802,213 393,339 Prior Year $ 453,350 134,505 QS 13-7 (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 answer thousands of dollars.) Numerator: Trend Percent for Net Sales: Analysis period net sales Currant Vanni 802212 Denominator: Base year net sales 9 S < Prev 2 3 of 5 202 220 = Trend Percent 002 0 Next >
Step by Step Solution
There are 3 Steps involved in it
Get step-by-step solutions from verified subject matter experts
