Estrada, Inc. is concerned about the level of its advertising and office salaries expenre Selected statement of comprehensive income data from 2014 to 2016 appear below 2014 2015 2016 P60,000 P37,500 P140,000 89,600 7,000 Sales Gross Profit Advertising Expense Office Salaries Expense Profit 22,500 2,250 4,500 37,200 3,300 9,000 22,400 30,800 13,800 9,000 Required: Calculate trend percentages for sales, advertising expense and office salaries expense. Use 2014 as the base year. Round to the nearest percent.
Estrada, Inc. is concerned about the level of its advertising and office salaries expenre Selected statement of comprehensive income data from 2014 to 2016 appear below 2014 2015 2016 P60,000 P37,500 P140,000 89,600 7,000 Sales Gross Profit Advertising Expense Office Salaries Expense Profit 22,500 2,250 4,500 37,200 3,300 9,000 22,400 30,800 13,800 9,000 Required: Calculate trend percentages for sales, advertising expense and office salaries expense. Use 2014 as the base year. Round to the nearest percent.
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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Transcribed Image Text:Selected statement of comprehensive income data from 2014 to 2016 appear below
2014
Estrada, Inc. is concerned about the level of its advertising and office salaries expenre
2016
2015
P37,500
22,500
2,250
4,500
9,000
P60,000
P140,000
89,600
7,000
22,400
Sales
Gross Profit
Advertising Expense
Office Salaries Expense
37,200
3,300
9,000
13,800
Profit
30,800
Required:
Calculate trend percentages for sales, advertising expense and office salaries expense.
Use 2014 as the base year. Round to the nearest percent.
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