Question

Abu has selected five consecutive financial periods to use in calculating trend percentages. He should assign 100 percent to each amount of which of the periods? the most recent period the period with the highest net income the earliest period the period that falls in the middle in terms of age

Answer 1

Assign 100 percent to the most recent period when calculating trend percentages.

Step-by-step explanation:

The student should assign 100 percent to the most recent period when calculating trend percentages. This is because the most recent period represents the current state and serves as the reference point for calculating the percentage change in the other periods. Assigning 100 percent to the most recent period allows for easier comparison and analysis of the trend over time.