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What is percentage increase in sales from the preceding year

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Problem 1: Horizontal analysis of comparative financial statements includes:

a. calculation of liquidity ratios.

b. evaluation of each component in a financial statement to a total within the statement.

c. development of common-sized statements.

d. calculation of dollar amount changes and percentage changes from the previous to the current year.

Problem 2: Assume the following sales data for a company:

Current year $325,000

Preceding year 250,000

What is the percentage increase in sales from the preceding year to the current year?

a. 30%

b. 50%

c. 76.9%

d. 70%

Reference no: EM132612461

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