Use the following selected information from Wheeler, LLC to determine the 2018 and 2017 trend percentages for cost of goods sold using 2017 as the base. 2018 2017 Net sales$279,700? $232,100? Cost of goods sold 151,200? 130,290? Operating expenses 54,540? 52,540? Net earnings 28,720? 20,520?
A. 66.2% for 2018 and 64.6% for 2017.
B. 116.0% for 2018 and 100.0% for 2017.
C. 54.1% for 2018 and 56.1% for 2017.
D. 120.5% for 2018 and 100.0% for 2017.
E. 36.1% for 2018 and 40.3% for 2017.
Answer: B
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