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Use the following selected information from Farris, LLC to determine the Year 2 and Year 1 trend percents for net sales using Year 1 as
Use the following selected information from Farris, LLC to determine the Year 2 and Year 1 trend percents for net sales using Year 1 as the base. Year 2 Year 1 Net sales $ 277,200 $ 231,600 Cost of goods sold 151,700 $129,790 Operating expenses 55,040 53,040 Net earnings 28,220 20,020
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