Question
5. Zebra Company reports the following figures for the years ending December 31, 2017 and 2016: (1point) 2017 2016 Net Sales $62,000 $45,000 Cost of
5. Zebra Company reports the following figures for the years ending December 31, 2017 and 2016: (1point)
|
| 2017 | 2016 |
| Net Sales | $62,000 | $45,000 |
| Cost of Goods Sold | 41,000 | 37,000 |
| Gross Profit | $21,000 | $8000 |
What are the percentage changes from 2016 to 2017 for Net Sales, Cost of Goods Sold and Gross Profit, respectively? (Round your final answers to one decimal place, X.X%)
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Accounting Principles
Authors: Jerry J. Weygandt, Paul D. Kimmel, Donald E. Kieso, Weygandt Kimmel Kieso
10th Edition
0470646462, 978-0470646465
