Homework Answers
Calculation of trend percentages:
Trend percentages= Current year sales / base year sales *100
Base year (20x1) sales= $3,60,000
For 20x2= 3,34,800/3,60,000*100 = 93%
For 20x3= 3,74,400/3,60,000*100= 104%
Note: The sale in the year 20x2 have decreased to 93% when compared to base year. But showed a growth to 104% in 20x3.
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