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    Fundamental Accounting Principles Study Set 6
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    Exam 17: Analysis of Financial Statements
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    Yeats Corporation's Sales in Year 1 Were $396,000 and in Year
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Yeats Corporation's Sales in Year 1 Were $396,000 and in Year

Question 42

Question 42

Multiple Choice

Yeats Corporation's sales in Year 1 were $396,000 and in Year 2 were $380,000.Using Year 1 as the base year,the percentage change for Year 2 compared to the base year is:


A) 104%.
B) 100%.
C) 4%.
D) 96%.
E) 4.2%.

Correct Answer:

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