Question

Use the following information to 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.)

($ thousands) Current Year Prior Yea
Net sales $ 689,520 $ 338,000
Cost of goods sold 337,864 100,048

Answer 1

Current year = 204%

Prior year = 100%

Step-by-step explanation:

Detailed solution is given below