Question
For the following financial statement items, calculate trend percents using 2010 as the base year: 2014 2013 2012 2011 2010 Sales $1,195,400 $1,118,000 $1,049,000 $963,200
For the following financial statement items, calculate trend percents using 2010 as the base year:
|
| 2014 | 2013 | 2012 | 2011 | 2010 |
| Sales | $1,195,400 | $1,118,000 | $1,049,000 | $963,200 | $860,000 |
| Cost of sales | 752,400 | 704,000 | 671,000 | 616,700 | 559,000 |
| Gross profit | $ 443,000 | $ 414,000 | $ 378,000 | $ 346,500 | $ 301,000 |
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Auditing Principles And Techniques
Authors: Prof. A.R. Solanki
1st Edition
9350533979, 9789350533970
