1. A company reported net sales of $300,000, $330,000, and $360,000 in the years 2017, 2018, and 2019, respectively. If 2017 is the base year, what is the percentage increase in sales from 2017 to 2019?

	80%
	20%
	120%
	100%

2. In vertical analysis, the base amount for accounts receivable is

	net sales
	fixed assets
	total assets
	net income