Which one of the following types of inventory accounts would be used by a wholesaler or retailer?
a. Merchandise inventory
b. Finished goods inventory
c. Work in process inventory
d. Raw materials inventory
a
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Ash Company reported sales of $400,000 for Year 1, $450,000 for Year 2, and $500,000 for Year 3. Using Year 1 as the base year, what is the revenue trend percent for Years 2 and 3?
A. 88% for Year 2 and 80% for Year 3. B. 88% for Year 2 and 90% for Year 3. C. 80% for Year 2 and 90% for Year 3. D. 125% for Year 2 and 112.5% for Year 3. E. 112.5% for Year 2 and 125% for Year 3.