! Required information ($ thousands) Net sales Cost of goods sold Current Year $804,234 395,462 Current Year: Prior Year: Determine the Prior Year and Current Year trend percents for net sales using the Prior Year as the base year. Note: Enter the answers in thousands of dollars. Numerator: Prior Year $455,776 136,449 Trend Percent for Net Sales: 1 1 Denominator: = Trend Percent 0% 0%

! Required information ($ thousands) Net sales Cost of goods sold Current Year $804,234 395,462 Current Year: Prior Year: Determine the Prior Year and Current Year trend percents for net sales using the Prior Year as the base year. Note: Enter the answers in thousands of dollars. Numerator: Prior Year $455,776 136,449 Trend Percent for Net Sales: 1 1 Denominator: = Trend Percent 0% 0%

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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