Silverhill Distributors 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. 115% b. 90% c. 15% d. 13% e. 87%

EBK CFIN
6th Edition
ISBN:9781337671743
Author:BESLEY
Publisher:BESLEY
Chapter2: Analysis Of Financial Statements
Section: Chapter Questions
Problem 12PROB
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Silverhill Distributors 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. 115%
b. 90%
c. 15%
d. 13%
e. 87%
Transcribed Image Text:Silverhill Distributors 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. 115% b. 90% c. 15% d. 13% e. 87%
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