Question

Ash company reported sales of $580,000 for year 1, $630,000 for year 2, and $680,000 for year 3. Using year 1 as the base year, what is the revenue trend percent for years 2 and 3??​

Answer 1

Year 2: 109.4%

Year 3: 118.9%

Explanation:

Given;

• Ash company reported sales of $580,000 for year 1
• $630,000 for year 2,
• $680,000 for year 3.

Now,

For the revenue trend percent for year 2

Year 2: $580,000 / $530,000 × 100 = 109.4%

For the revenue trend percent for year 3

Year 3: $630,000 / $530,000 × 100 = 118.9%

Thus, The answer is 109.4% and 118.9%.

-TheUnknownScientist 72