Zebra company reports the following figures for the years ending december 31, 2017 and 2016: what are the percentage changes from 2016 to 2017 for net sales, cost of goods sold and gross profit, respectively? (round your final answers to one decimal place, x. x%) a. 100%, 162.5%, 10.8% b. 37.8%, 10.8%, 162.5% c. 100%, 0.9%, 0.4% d. 162.5%, 37.8%, 10.8%

B. 37.8%, 10.8%, 162.5%

Explanation:

1. Changes in Net Sales

We know,

Percentage changes in Net sales from previous year to current year =

Given,

= $62,000

= $45,000

Therefore,

Percentage changes in Net Sales =

Percentage changes in Net Sales = 37.8% (Rounded to 1 decimal Places)

Therefore, Net sales changes 37.8% from 2016 to 2017.

2. Changes in Cost of Goods sold

We know,

Percentage changes in Cost of goods sold from previous year to current year =

Given,

= $41,000

= $37,000

Putting the value in the above formula,

Percentage changes in COGS =

Percentage changes in COGS = 10.8%

Therefore, Cost of goods sold changes 10.8% from 2016 to 2017.

3. Changes in Gross Profit

We know,

Percentage changes in Gross Profit from previous year to current year =

Given,

= $21,000

= $8,000

Hence,

Percentage changes in Gross Profit =

Percentage changes in Gross Profit = 162.5%

Therefore, Gross Profit changes 162.5% from 2016 to 2017.