What is the percent change in sales for year 2 compared to the base year of this financial accounting question? Horizon Tech Solutions had sales of $400,000 in Year 1 and $460,000 inYear 2. Using Year 1 as the base year, what is the percent change in sales forYear 2 compared to the base year?a. 105%b. 100%c. 15%d. 14%e. 85%

Step 1: Definition of Percent Change in SalesPercent Change in Sales measures the relative increase…

Answered: Horizon Tech Solutions had sales of…

EBK CFIN

6th Edition

ISBN:9781337671743

Author:BESLEY

Publisher:BESLEY

Chapter7: Stocks (equity) - Characterstics And Valuation

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Horizon Tech Solutions had sales of $400,000 in Year 1 and $460,000 in Year 2. Using Year 1 as the base year, what is the percent change in sales for Year 2 compared to the base year? a. 105% b. 100% c. 15% d. 14% e. 85%