Assume the Following Sales Data for a Company $$\begin{array} { l r } 2013 & € 1,200,000 \\2012 & 960,000 \\2011 & 840,000 \\2010 & 600,000\end{array}$$

question 75

Multiple Choice

Assume the following sales data for a company: $$\begin{array} { l r } 2013 & € 1,200,000 \\2012 & 960,000 \\2011 & 840,000 \\2010 & 600,000\end{array}$$ If 2010 is the base year, what is the percentage increase in sales from 2010 to 2012?

• A)100%
• B)160%
• C)60%
• D)62.5%

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Definitions:

Fair Value Measurements

An accounting practice that assesses the price to sell an asset or settle a liability, based on current market conditions rather than historical cost.

Stockholders' Equity

The residual interest in the assets of a corporation after deducting liabilities, representing the owners' equity in the company.

Creditor

An entity (person or institution) that extends credit by lending money or extending credit lines, to which a debtor owes repayment.

Net Worth

The total assets minus total liabilities of an individual or company, representing the owner's equity.