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Business, 17.04.2020 18:33 lukeperry

Use the following selected information from Wheeler, LLC to determine the 2017 and 2016 common size percentages for operating expenses using Net sales as the base.

2017 2016
Net sales $ 276,200 $ 231,400
Cost of goods sold 151,900 129,590
Operating expenses 55,240 53,240
Net earnings 27,820 19,820

Multiple Choice
O 23.9% for 2017 and 23% for 2016.
O 20.0% for 2017 and 23% for 20'16.
O103.9% for 2017 and 100.0% for 2016.
O 36.4% for 2017 and 41.1% for 2016.
O 55.0% for 2017 and 56.0% for 2016.

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Answers: 3

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