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ash company reported sales of $600,000 for year 1, $650,000 for year 2, and $700,000 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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tutorconsortium634

Revenue trend percent for year 3 is 116.67%

how to calculate?

With regards to the above, since revenue is increasing and also since year 2 and year 3 have higher revenues than year 1,

Therefore,

Year 2 = ( $650,000 \/ $600,000 ) * 100

= 92.31%

Revenue trend percent for year 2 is 109.1%

Year 2 = ( $700 000 \/ $600,000) * 100

= 116.67%

Revenue trend percent for year 3 is 116.67%

What must be included in the annual reports of public companies?

An annual report begins with a letter to the shareholders, then a brief description of the business and industry. Following that, the report should include the audited financial statements: balance sheet, income statement, and statement of cash flows.

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