Use the following selected information from Wheeler, LLC to determine the 2018 and 2017 common size percentages for operating expenses using Net sales as the base. 2018 2017 Net sales$456,600? $372,200? Cost of goods sold 201,400? 133,880? Operating expenses 73,390? 70,730? Net earnings 37,060? 26,310?
A. 44.1% for 2018 and 36.0% for 2017.
B. 28.0% for 2018 and 17.0% for 2017.
C. 16.1% for 2018 and 19.0% for 2017.
D. 122.7% for 2018 and 100.0% for 2017.
E. 19.7% for 2018 and 19.7% for 2017.
Answer: C
You might also like to view...
Which kind of organization is most likely to try to exert too much control?
A. Clan B. Market C. Bureaucratic D. Decentralized E. Matrix
In a well-controlled petty cash fund, the amount of cash minus the amount of expenditure vouchers should be equal to the original amount in the petty cash fund
Indicate whether the statement is true or false
The most researched approach to work motivation is ______.
a. acquired needs theory b. equity theory c. goal-setting theory d. reinforcement theory
Hinsdale High School has recently decided to sponsor a rugby team. It is in the process of considering where to buy the uniforms. This is a ________ situation.
A. modified rebuy B. straight rebuy C. new buy D. modified new buy E. straight new buy