Brown Enterprises reported sales revenue totaling $1,008,000, $1,002,000, and $1,239,000 in the years, 2018, 2019, and 2020, respectively.
Performing trend analysis, with 2018 serving as the base year, what is the percentage for 2020?

Question

Quizplus · Accepted Answer

To calculate the trend percentage for 2020 with 2018 as the base year, you divide the sales revenue of 2020 by the sales revenue of 2018 and then multiply by 100. So, ($1,239,000 / $1,008,000) * 100 = 122.92%.

Brown Enterprises Reported Sales Revenue Totaling $1,008,000, $1,002,000, and $1,239,000