Question

The following information is for Tide Corporation: ($ thousands) 2017 2016 Net sales $ 438,060 $...

The following information is for Tide Corporation:

($ thousands) 2017 2016
Net sales $ 438,060 $ 298,000
Cost of goods sold 214,649 88,208

Determine the 2016 and 2017 trend percents for net sales using 2016 as the base year.

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