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Use the following information to determine the Prior Year and Current Year trend percents for net sales using the Prior Year as the base year.
Use the following information to 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.) ($ thousands) Net sales Cost of goods sold Current Prior Year Year $947,760 $ 359,000 464,402 106,264 Trend Percent for Net Sales: 1 Choose Denominator: Choose Numerator: II Trend Percent = Current Year: Prior Year: % % / 11
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