Question: Required information Use the following information for the Quick Studies below. (Algo) (5 thousands) Net sales Cost of goods sold Current Year $803,102 394,491 Prior

Required information Use the following information for the Quick Studies below. (Algo) (5 thousands) Net sales Cost of goods sold Current Year $803,102 394,491 Prior Year $ 454,660 135,542 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.) Current Year: Prior Year: Trend Percent for Not Sales: Numerator: Denominator: Trend Percent %

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