What is the Cost of Goods Sold in the current year? Jack Corporation uses horizontal analysis to

 

What is the Cost of Goods Sold in the current year?    

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Jack Corporation uses horizontal analysis to compare its income statement from year to year. Jack Corporation reported the following data last year as well as the percent change when compared to the current year: % Change in Total Last Year Current Year Sales Revenue $600,000 Cost of Goods Sold $180,000 Gross Profit $420,000 What is the Sales Revenue in the current year? 7.0% 1.0% Jack Corporation uses horizontal analysis to compare its income statement from year to year. Jack Corporation reported the following data last year as well as the percent change when compared to the current year: % Change in Total Last Year Current Year Sales Revenue $600,000 Cost of Goods Sold $180,000 Gross Profit $420,000 What is the Sales Revenue in the current year? 7.0% 1.0%

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