Answered: A company's sale in year 1 were…

A company's sale in year 1 were $350,000 and in year 2 were $387,500 using year 1 as the base year the percent change for year 2 compared to the base year is A. 100% B. 12% C. 11% D. 10% E. 90%

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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Question

A company's sale in year 1 were $350,000 and in year 2 were $387,500 using year 1 as the base year the percent change for year 2 compared to the base year is

A. 100%
B. 12%
C. 11%
D. 10%
E. 90%

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