Johnson Corporation reported net sales on $650,000, $720,000, and $780,000 in the years 2016, 2017, and...
Johnson Corporation reported net sales on $650,000, $720,000, and $780,000 in the years 2016, 2017, and 2018 in the order given. If 2016 is the base year, what percentage do 2018 sales represent of the base?
A. 20%
B. 108%
C. 83%
D. 120%
Homework Answers
2018 sales would be=(2018 sales/2016 sales)
=(780,000/650,000)
=1.2*2016 sales
=120%.
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