Patty's Baker has cost of goods sold for the years 2011, 2010, and 2009 respectively of $28,600, $26,900, and $25,600. If 2009 is the base year, the trend percentage for 2011 is:

Question

Quizplus · Accepted Answer

To calculate the trend percentage, you take the amount in the target year (2011 in this case, which is $28,600) and divide it by the amount in the base year (2009, which is $25,600). Then, you multiply the result by 100 to get a percentage. So, the calculation is ($28,600 / $25,600) * 100 = 111.72%. This shows how much the cost of goods sold has increased from the base year (2009) to the target year (2011) in percentage terms.

Patty's Baker Has Cost of Goods Sold for the Years