E18-3 Compute trend percentages for Traigon Corporation's net sales and net income for the following five-year period,

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E18-3 Compute trend percentages for Traigon Corporation's net sales and net income for the following five-year period, using year 1 as the base year. Round to the nearest full percent. (In thousands) Net sales. Net income. Year 5 Year 4 Year 3 Year 2 Year 1 $1,310 120 $1,147 $1,065 114 74 $1.104 81 $1,043 85 Which grew faster during the period, net sales or net income?

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Accounting

ISBN: 9780130906991

5th Edition

Authors: Charles T. Horngren, Walter T. Harrison, Linda S. Bamber, Betsy Willis, Becky Jones

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