119.5% for Year 2 and 100.0% for Year 1. Net sales are calculated by subtracting a company's gross sales from its returns, allowances, and discounts.
Externally, net sales calculations are not always transparent. They are frequently included in the reporting of top-line revenues on the income statement. You can subtract all other deductions, such as discounts, returns, and allowances, from the total number of sales. For example, if your gross sales are $100,000, your net sales are $96,000 minus $2,000 in sales discounts, $1,000 in sales allowances, and $1,000 in sales returns. Net sales are total revenue minus sales returns, allowances, and discounts.
To learn more about net sales, click here.
https://brainly.com/question/14082088
#SPJ4
