Answer:
%change is sales= 150% increase
Explanation:
Giving the following information:
Sales:
$560,000, $670,000 and $1,675,000 in the years, 2014, 2015, and 2016, respectively.
Performing a horizontal analysis, we will take 2015 as the base year.
%change is sales= (2016 - 2015)/2015
%change is sales= [(1,675,000 - 670,000)/670,000]*100
%change is sales= 150% increase
