Carter Corporation reported net sales of $250000 $400000 and $600000 in the years 2015 2016 and 2017 respectively. If 2015 is the base year what is the trend percentage for 2017?
A) 100%
B) 40%
C) 140%
D) 240%

Question

Quizplus · Accepted Answer

The trend percentage for 2017 is calculated by taking the sales figure for 2017, dividing it by the sales figure for the base year (2015), and then multiplying by 100. So, ($600,000 / $250,000) * 100 = 240%.

Carter Corporation Reported Net Sales of $250000 $400000 and $600000