Danner Corporation reported net sales of $650,000, $720,000, and $780,000 in the years 2021, 2022, and 2023, respectively.If 2021 is the base year, what percentage do 2023 sales represent of the base?

Question

Quizplus · Accepted Answer

To find the percentage of 2023 sales relative to the base year 2021, divide 2023 sales ($780,000) by 2021 sales ($650,000) and multiply by 100. This gives (780,000 / 650,000) * 100 = 120%.

Danner Corporation Reported Net Sales of $650,000, $720,000, and $780,000