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%
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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Question
Rahul
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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