Use the following selected information from Whitman Corp. to determine the Year 1 and Year 2 common size percentages for cost of goods sold using Net sales as the base. Year 2 Year 1
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
a. 36.4% for year 2 and 4 for year 1
b. 550% for year 2 and 56.% for year 1
c. 119.45% for year 2 and 100.0% for year 1
d. 125% for your 2 and 100% for year 1
e. 657% for year 2 and 56.0% for year 1