1. Use the following information for Tipster Corporation to determine the 2010 and 2011 trend percents for net sales using 2010 as the base year.
|
($ thousands) |
2011 |
2010 |
|
Net sales |
$201,600 |
$114,800 |
|
Cost of goods sold |
109,200 |
60,200 |
2. Use the following information for Tipster Corporation to determine the 2010 and 2011 trend percents for net sales using 2010 as the base year.
|
($ thousands) |
2011 |
2010 |
|
Net sales |
$201,600 |
$114,800 |
|
Cost of goods sold |
109,200 |
60,200 |
Refer to the information in QS 17 3. Use that information for Tipster Corporation to determine the 2010 and 2011 common size percents for cost of goods sold using net sales as the base.