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Required information Use the following information for the Quick Studies below. (Algo) ($ thousands) Net sales Cost of goods sold Current Year $802,971 394,306

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Required information Use the following information for the Quick Studies below. (Algo) ($ thousands) Net sales Cost of goods sold Current Year $802,971 394,306 Prior Year $454,365 135,325 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.) Trend Percent for Net Sales: Numerator: Denominator: Trend Percent Current Year: I Prior Year:

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