Use the following selected information from Wheeler, LLC to determine the 2018 and 2017 common size percentages for cost of goods sold using Net sales as the base. 2018 2017 Net sales$407,400? $333,800? Cost of goods sold 187,900? 132,710? Operating expenses 68,440? 65,960? Net earnings 34,540? 24,540?
A. 62.9% for 2018 and 59.5% for 2017.
B. 158.9% for 2018 and 168.0% for 2017.
C. 8.5% for 2018 and 7.4% for 2017.
D. 122.1% for 2018 and 100.0% for 2017.
E. 46.1% for 2018 and 39.8% for 2017.
Answer: E
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