Use the following selected information from Wheeler, LLC to determine the 2018 and 2017 trend percentages for net sales using 2017 as the base. 20182017Net 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. 55.0% for 2018 and 56.0% for 2017.
B. 36.4% for 2018 and 41.1% for 2017.
C. 117.2% for 2018 and 100.0% for 2017.
D. 65.1% for 2018 and 64.6% for 2017.
E. 119.4% for 2018 and 100.0% for 2017.
Answer: E
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