Use the following selected information from Wheeler, LLC to determine the 2017 and 2016 trend percentages for cost of goods sold using 2016 as the base.



A) 36.4% for 2017 and 41.1% for 2016.

B) 55.0% for 2017 and 56.0% for 2016.

C) 119.4% for 2017 and 100.0% for 2016.

D) 117.2% for 2017 and 100.0% for 2016.

E) 65.1% for 2017 and 64.6% for 2016.


D) 117.2% for 2017 and 100.0% for 2016.
Explanation: 2017: $151,900/$129,590 * 100 = 117.2%
2016: $129,590/$129,590 * 100 = 100.0%

Business

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