Assume the following sales data for a company: 2018 $980,000 2017 875,000 2016 700,000 If 2016 is the base year, what is the percentage increase in sales from 2016 to 2017? O a. 125% b. 25% OC 140% Od. 40%

Assume the following sales data for a company: 2018 $980,000 2017 875,000 2016 700,000 If 2016 is the base year, what is the percentage increase in sales from 2016 to 2017? O a. 125% b. 25% OC 140% Od. 40%

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

Assume the following sales data for a company:
2018
$980,000
2017
875,000
2016
700,000
If 2016 is the base year, what is the percentage increase in sales from 2016 to 2017?
a. 125%
b. 25%
C. 140%
d. 40%

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