Answer
C - 120%
Work Step by Step
2012 is the base year and sales are 300k. 2014 sales are 360k, which is 120% of the 300k base (360k / 300k).
Accounting: Tools for Business Decision Making, 5th Edition
by Kimmel, Paul D.; Weygandt, Jerry J.; Kieso, Donald E.
Published by
Wiley
ISBN 10:
1118128168
ISBN 13:
978-1-11812-816-9
Chapter 13 - Financial Analysis: The Big Picture - Self-Test Questions - Page 726: 5
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