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The following information is for Tide Corporation: ($ thousands) 2017 2016 Net sales $ 1,155,080 $...

The following information is for Tide Corporation: ($ thousands) 2017 2016 Net sales $ 1,155,080 $ 431,000 Cost of goods sold 565,989 127,576 Determine the 2016 and 2017 trend percents for net sales using 2016 as the base year.

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Answer are highlighted in yellow: Solution: Trend Percentage- Net Sale of Target year/ Net Sales of Base year Particulars Net Sales 2016 1155080 431000 2017 Trend Percentage: Net Sales 2017 268%) 2016 100%

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