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REY [17]
3 years ago
6

Use the following selected information from Wheeler, LLC to determine the 2017 and 2016 common size percentages for operating ex

penses using Net sales as the base.
2017 2016 Net sales $ 407,400 $ 333,800 Cost of goods sold 187,900 132,7

Business
1 answer:
Gwar [14]3 years ago
6 0

Answer:

19.8%; 16.8%

Explanation:

In 2016:

Common size percentages for operating expenses:

= (Operating expenses ÷ Net sales) × 100

= (65,960 ÷ $333,800) × 100

= 0.198 × 100

= 19.8%

In 2017:

Common size percentages for operating expenses:

= (Operating expenses ÷ Net sales) × 100

= ($68,440 ÷ $407,400) × 100

= 0.1680 × 100

= 16.8%

Note:

Table is missing in this question, so i have attached the missing table.

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