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A companys sales for a two-year period were as follows: 2020 : $ 4.0 million, 2021 : $ 5.0 million. Using 2020 as the base
A companys sales for a two-year period were as follows:
2020 : $ 4.0 million,
2021 : $ 5.0 million.
Using 2020 as the base year, use horizontal analysis to determine the percentage of the base-year amount. Enter your answer as a percentage to the nearest % (For example, if the answer is 110%, enter 110).
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