Question

show the results of operations of a manufacturing concern

using trend percentages with 1987 as base year

(Amount in ‘000s)

1990 1989 1988 1987

Sales 1300 1200 950 1000

Cost of goods sold 728 696 589 600

Gross profit 572 504 361 400

Net operating profit 452 394 264 300

a. 96.56%

b. 90.16%

c. 98.16%

d. 76.45%​

Answer 1

your answer is c.98.16