Bond Company reported the following inventory data:Year Inventory (in millions)2016201720182019$2,500$2,350$2,600$2,170Use 2016 as the base year. The trend percentage in 2019 is closest toa. 83%.b. 87%.c. 92%.d. 115%.

Bond Company reported the following inventory data:Year Inventory (in millions)2016201720182019$2,500$2,350$2,600$2,170Use 2016 as the base year. The trend percentage in 2019 is closest toa. 83%.b. 87%.c. 92%.d. 115%.

Financial Accounting

15th Edition

ISBN:9781337272124

Author:Carl Warren, James M. Reeve, Jonathan Duchac

Publisher:Carl Warren, James M. Reeve, Jonathan Duchac

Chapter17: Financial Statement Analysis

Section: Chapter Questions

Problem 5PEA

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Question

Bond Company reported the following inventory data:
Year Inventory (in millions)
2016
2017
2018
2019
$2,500
$2,350
$2,600
$2,170
Use 2016 as the base year. The trend percentage in 2019 is closest to
a. 83%.
b. 87%.
c. 92%.
d. 115%.

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