If Year 1 cost of goods sold equals $ 720 , Year 2 cost of goods sold

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If Year 1 cost of goods sold equals $720, Year 2 cost of goods sold equals $810, and Year 3 cost of goods sold equals $620, the percentage to be assigned for Year 1 in a trend analysis, assuming that Year 1 is the base year, is

113%.
100%.
116%.
86%.

Related Book For answer-question

Fundamentals of Financial Accounting

ISBN: 978-0078025914

5th edition

Authors: Fred Phillips, Robert Libby, Patricia Libby

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Posted Date: Feb 21, 2022 11:03 PM

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If Year 1 cost of goods sold equals $ 720 , Year 2 cost of goods sold

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Fundamentals of Financial Accounting

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