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how to solve this question Use the following information to determine the Prior...

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Accounting

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Use the following information to determine the Prior Year and Current Year trend percents for net sales using the Prior Year as the base year. (Enter the answers in thousands of dollars.) ($ thousands) Net sales Cost of goods sold Current Prior Year Year $801,810-453,000 392,887 134,088 Answer is complete but not entirely correct. Trend Percent for Net Sales: Choose Choose Numerator: Denominator: Base year cost of goods Base year net sales Trend percent sold 392,887 S B01,810x = 49.0 % 134,088 I S 453,000 = 29.6 % Current Year: Prior Year

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