Answered: Assume the following sales data for a…

Assume the following sales data for a company: 2022 $990000 2021 866640 2020 690000 If 2020 is the base year, what is the percentage increase in sales from 2020 to 2021? 143% 126% O 43% 26%

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:
2022 $990000
2021 866640
2020
690000
If 2020 is the base year, what is the percentage increase in sales from 2020 to 2021?
O 143%
126%
43%
26%

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