Carter Corporation reported net sales of $250,000, $400,000, and $600,000 in the years 2018, 2019, and 2020 respectively. If 2018 is the base year, what is the trend percentage for 2020?

Question

Quizplus · Accepted Answer

The trend percentage for 2020 is calculated by taking the figure for 2020, dividing it by the base year figure (2018), 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