Assume the following cost of goods sold data for a company: 2015 $1,300,000 2014 $1,200,000 2013 $1,000,000 If 2013 is the base year, what is the percentage increase in the cost of goods sold from 2013 to 2015?

Assume the following cost of goods sold data for a company: 2015 $1,300,000 2014 $1,200,000 2013 $1,000,000 If 2013 is the base year, what is the percentage increase in the cost of goods sold from 2013 to 2015?

Intermediate Accounting: Reporting And Analysis

3rd Edition

ISBN:9781337788281

Author:James M. Wahlen, Jefferson P. Jones, Donald Pagach

Publisher:James M. Wahlen, Jefferson P. Jones, Donald Pagach

Chapter5: The Income Statement And The Statement Of Cash Flows

Section: Chapter Questions

Problem 2MC: The following information is available for Cooke Company for the current year: The gross margin is...

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Question

Assume the following this account question solution

Assume the following cost of goods sold data for
a company:
2015 $1,300,000
2014 $1,200,000
2013 $1,000,000
If 2013 is the base year, what is the percentage
increase in the cost of goods sold from 2013 to
2015?

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