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Q7. To calculate a year-to-year percentage change in any financial statement line item...

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Question

Accounting

Q7.

To calculate a year-to-year percentage change in any financial statement line item such as sales, you should take the current year's amount, subtract the prior year's amount, then divide by ______, and finally multiply the result by 100.

Multiple Choice

  • net income

  • total assets

  • the current year's amount

  • the prior year's amount

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