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Required Information Use the following information for the Quick Studies below. (Algo) ($ thousands) Net sales Current Year $ 804,594 395,991 Prior Year $ 456,272 136,890 Cost of goods sold QS 13-7 (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.) Current Year: Prior Year: Numerator: Trend Percent for Net Sales: Denominator: = Trend Percent 0% 0%

Required Information Use the following information for the Quick Studies below. (Algo) ($ thousands) Net sales Current Year $ 804,594 395,991 Prior Year $ 456,272 136,890 Cost of goods sold QS 13-7 (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.) Current Year: Prior Year: Numerator: Trend Percent for Net Sales: Denominator: = Trend Percent 0% 0%

FINANCIAL ACCOUNTING
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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Rahul 

Required Information Use the following information for the Quick Studies below. (Algo) ($ thousands) Net sales Prior Year $ 456,272 136,890 Cost of goods sold Current Year $ 804,594 395,991 QS 13-7 (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.) Current Year: Prior Year: Numerator: Trend Percent for Net Sales: Denominator: = Trend Percent 0% 0%
Transcribed Image Text:Required Information Use the following information for the Quick Studies below. (Algo) ($ thousands) Net sales Prior Year $ 456,272 136,890 Cost of goods sold Current Year $ 804,594 395,991 QS 13-7 (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.) Current Year: Prior Year: Numerator: Trend Percent for Net Sales: Denominator: = Trend Percent 0% 0%
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