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Year 1 Year 2 Sales $130,000 $170,000 Cost of sales 105,000 137,000 Gross profit $ 25,000 $ 33,000 Using the above information, calculate the percentage
| Year 1 | Year 2 | |
| Sales | $130,000 | $170,000 |
| Cost of sales | 105,000 | 137,000 |
| Gross profit | $ 25,000 | $ 33,000 |
Using the above information, calculate the percentage increase or decrease in cost of sales from Year 1 to Year 2?
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Accounting
Authors: Carl S. Warren, James M. Reeve, Jonathan E. Duchac
22nd Edition
324401841, 978-0-324-6250, 0-324-62509-X, 978-0324401844
