What is the percentage increase in sales from 2016 to 2017 ? Assume the following sales data for a company:2018 $993,0002017 $888,0002016 $700,000If 2016 is the base year, what is the percentage increase in sales from 2016 to2017?a. 27%b. 142%c. 127%d. 42%

Step 1: Increase in sales = 2017 sales - 2016 sales = $888,000 - $700,000 = $188,000 Base year…

Answered: Assume the following sales data for a…

Entrepreneurial Finance

6th Edition

ISBN:9781337635653

Author:Leach

Publisher:Leach

Chapter5: Evaluating Operating And Financial Performance

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Problem 7EP

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Assume the following sales data for a company: 2018 $993,000 2017 $888,000 2016 $700,000 If 2016 is the base year, what is the percentage increase in sales from 2016 to 2017? a. 27% b. 142% c. 127% d. 42%