Assume the following sales data for a company: Year 2 $562,500 Year 1 $450,000 What is the percentage increase in sales from Year 1 to Year 2 (to the nearest whole percent)? O a. 20% O b. 125% O c. 25% O d. 80%

Assume the following sales data for a company: Year 2 $562,500 Year 1 $450,000 What is the percentage increase in sales from Year 1 to Year 2 (to the nearest whole percent)? O a. 20% O b. 125% O c. 25% O d. 80%

Survey of Accounting (Accounting I)

8th Edition

ISBN:9781305961883

Author:Carl Warren

Publisher:Carl Warren

Chapter1: The Role Of Accounting In Business

Section: Chapter Questions

Problem 1.4.2MBA: Return on assets The following data (in millions) were adapted from recent financial statements of...

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Question

Assume the following sales data for a company:
Year 2
$562,500
Year 1
$450,000
What is the percentage increase in sales from Year 1 to Year 2 (to the nearest whole percent)?
O a. 20%
O b. 125%
О с. 25%
O d. 80%

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