Use the following information to determine the Prior Year and Current Year trend percents for net sales using the Prior Year as the pase year. (Enter the answers in thousands of dollars.) Current Prior ($ thousands) Year Year $651,240 $324,000 319,108 Net sales Cost of goods sold 95,904 Trend Percent for Net Sales: Choose Numerator: IChoose Denominator: Trend Percent %3D %3! Current Year: 0% %3D Prior Year:

Managerial Accounting
15th Edition
ISBN:9781337912020
Author:Carl Warren, Ph.d. Cma William B. Tayler
Publisher:Carl Warren, Ph.d. Cma William B. Tayler
Chapter16: Financial Statement Analysis
Section: Chapter Questions
Problem 11E
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Use the following information to determine the Prior Year and Current Year trend percents for net sales using the Year as the base year Enter the answers thousands of dollars.

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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.)
Prior
Year
Current
($ thousands)
Year
$651,240 $324,000
319,108
Net sales
Cost of goods sold
95,904
- Trend Percent for Net Sales:
Choose Numerator:
Choose Denominator:
Trend Percent
0%
Current Year:
0%
Prior Year:
Transcribed Image Text:Saved Quick Study Use the following information to determine the Prior Year and Current Year trend percents for net sales using the Prior Year as the base year. (Enter the answers in thousands of dollars.) Prior Year Current ($ thousands) Year $651,240 $324,000 319,108 Net sales Cost of goods sold 95,904 - Trend Percent for Net Sales: Choose Numerator: Choose Denominator: Trend Percent 0% Current Year: 0% Prior Year:
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