Trend percentages for sales and net income, Accounting Basics

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Trend percentages for sales and net income

Problem:

Witkum, Inc., reported the following sales and net income amounts:

(In thousands)	2012	2011	2010	2009
Sales	$9,960	$9,260	$8,790	$8,590
Net income	670	500	480	445

Required:

Question: Show Witkum's trend percentages for sales and net income. Use 2009 as the base year

Note: Explain all calculation and formulas.

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Accounting Basics: Trend percentages for sales and net income

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Accounting Basics: Trend percentages for sales and net income

Reference No:- TGS0882204

Have a Question? (oR Write a Review)

Recent Questions Asked Accounting Basics

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Request for Solution File

Ask an Expert for Answer!!

Accounting Basics: Trend percentages for sales and net income

Reference No:- TGS0882204

Recent Questions Asked Accounting Basics

Q : Cash method of accounting

Q : Explain high fidelity processes

Q : Horizontal analysis of revenues and net income

Q : In what part of an onion plant could you find cells dividing

Q : Trend percentages for sales and net income

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Q : Compute the unit costs for the month

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