Use the following information to 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.) ($ thousands) Current Year Prior Year Net sales $ 453,100 $ 230,000 Cost of goods sold 222,019 68,080 Trend Percent for Net Sales: Choose Numerator: / Choose Denominator: / = Trend Percent Current Year: / = % Prior Year: / = %
Use the following information to 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.) ($ thousands) Current Year Prior Year Net sales $ 453,100 $ 230,000 Cost of goods sold 222,019 68,080 Trend Percent for Net Sales: Choose Numerator: / Choose Denominator: / = Trend Percent Current Year: / = % Prior Year: / = %
Financial Accounting: The Impact on Decision Makers
10th Edition
ISBN:9781305654174
Author:Gary A. Porter, Curtis L. Norton
Publisher:Gary A. Porter, Curtis L. Norton
Chapter5: Inventories And Cost Of Goods Sold
Section: Chapter Questions
Problem 5.9E: Working Backward: Gross Profit Ratio Acmes gross profit ratio increased by 20% over the prior year....
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Use the following information to 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.)
($ thousands) | Current Year |
Prior Year |
||||
Net sales | $ | 453,100 | $ | 230,000 | ||
Cost of goods sold | 222,019 | 68,080 | ||||
|
|
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