Boone Trading Company reported net sales of $400,000, $440,000, and $520,000 in the years 2013, 2014, and 2015, respectively. If 2013 is the base year, what is the trend percentage for 2015?

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, then multiplying by 100. So, ($520,000 / $400,000) * 100 = 130%.

Boone Trading Company Reported Net Sales of $400,000, $440,000, and $520,000