Carter Corporation reported net sales of $250,000, $400,000, and $600,000 in the years 2013, 2014, and 2015 respectively. If 2013 is the base year, what is the trend percentage for 2015?
A)100%
B)40%
C)140%
D)240%

Question

Quizplus · Accepted Answer

The trend percentage for 2015 is calculated by dividing the net sales of 2015 by the net sales of the base year (2013) and then multiplying by 100. So, (600,000 / 250,000) * 100 = 240%.

Carter Corporation Reported Net Sales of $250,000, $400,000, and $600,000