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Required Information Use the following information for the Quick Studies below. (Algo) ($ thousands) Cost of goods sold Net sales Current Year $805,719 396,772 Prior
Required Information Use the following information for the Quick Studies below. (Algo) ($ thousands) Cost of goods sold Net sales Current Year $805,719 396,772 Prior Year $ 457,247 138,073 QS 13-7 (Algo) Trend percents LO P1 Determine the Prior Year and Current Year trend percents for net sales using the Prior Year as the base year. (Enter the answers in thousands of dollars.) Current Year: Prior Year: Trend Percent for Net Sales: Numerator: Denominator: Trend Percent 16
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