Asked by
Vania Rojas
on Nov 15, 2024
Verified
The sales of Mary's Services for Years 1, 2, and 3 are $25,000, $52,000, $64,000 respectively. The trend percentage for Year 2 is:
A) 39.06%.
B) 256.00%.
C) 208.00%.
D) 60.16%.
Trend Percentage
A financial analysis tool that shows how a financial statement item changes over time, often used to spot patterns or trends.
Sales
The total amount of goods or services sold by a company during a specific time period, generating revenue.
- Calculate and interpret the trend percentages in financial statements.
Verified Answer
DB
Learning Objectives
- Calculate and interpret the trend percentages in financial statements.