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QUESTION 1 1 points (Extra Bonus: The following selected amounts were extracted from financial statements of the Oswald Corporation: Year 1 Year 2 Year 3

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QUESTION 1 1 points (Extra Bonus: The following selected amounts were extracted from financial statements of the Oswald Corporation: Year 1 Year 2 Year 3 Year 4 Sales $250,000 240,000 275,000 Cost of Goods Sold 100,000 125.000 135,000 Gross Margin 150,000 115,000 140,000 Calculate the Sales % change from year 1 to year 2 (round answer to nearest hundredth: answer in decimal form. Le. -12% - 0.12 QUESTION 2 1 points (Extra Bonus: The following selected amounts were extracted from financial statements of the Oswald Corporation: Year1 Year 2 Year 3 Year 4 Sales $250,000 240,000 275,000 Cost of Goods Sold 100,000 125,000 135,000 Gross Margin 150,000 115,000 140,000 Calculate the Sales % change from year 2 to year 3 (round answer to nearest hundredth answer in decimal form, i.e. -12% - 0.12)

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