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Ash Company reported sales of $430,000 for Year 1, $480,000 for Year 2, and $530,000 for Year 3. Using Year 1 as the base year, what is the revenue trend percent for Years 2 and 3?

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Answer:

Year 2 = 11.63%

Year 3 = 23.26%

Explanation:

Using year 1 as the base year, the trend percent for each subsequent year is calculated based on reported sales of $430,000.

For Year 2 with sales of $480,000:

[tex]T_2=\frac{\$480,000-\$430,000}{\$430,000}=0.1163\\T_2=11.63\%[/tex]

For Year 3 with sales of $530,000:

[tex]T_3=\frac{\$530,000-\$430,000}{\$430,000}=0.2326\\T_3=23.26\%[/tex]

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