Required information Use the following information for the Quick Studies below. (Algo) ($ thousands) Net sales Current Year Prior Year $ 803,470 394,775 Cost of goods sold $ 455,095 135,878 QS 17-7 (Algo) Trend percents LO P1 Determine the Prior Year and Current Year trend percents for net sales using the Prior Year as the base year. (Enter the answers in thousands of dollars.) Trend Percent for Net Sales:

Required information Use the following information for the Quick Studies below. (Algo) ($ thousands) Net sales Current Year Prior Year $ 803,470 394,775 Cost of goods sold $ 455,095 135,878 QS 17-7 (Algo) Trend percents LO P1 Determine the Prior Year and Current Year trend percents for net sales using the Prior Year as the base year. (Enter the answers in thousands of dollars.) Trend Percent for Net Sales:

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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