Use the following selected informati Net sales. Cost of goods sold Operating expenses Net earnings Multiple...

 

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Use the following selected informati Net sales. Cost of goods sold Operating expenses Net earnings Multiple Choice om Whitman Corp to determine the Year 1 and Year 2 common size percentages for cost of goods sold using Net sales as the bar Year 2 Year 1 $276,200 $231,400 151,900 129,590 55,240 27,820 36.4% for year 2 and 41.7% for year 11 55.0% for year 2 and 56.0% for year 1 53,240 19,820 119.4% for year 2 and 100.0% for year 1 117.2% for year 2 and 100.0% for year 1 65.1% for year 2 and 56.0% for year 1. Use the following selected informati Net sales. Cost of goods sold Operating expenses Net earnings Multiple Choice om Whitman Corp to determine the Year 1 and Year 2 common size percentages for cost of goods sold using Net sales as the bar Year 2 Year 1 $276,200 $231,400 151,900 129,590 55,240 27,820 36.4% for year 2 and 41.7% for year 11 55.0% for year 2 and 56.0% for year 1 53,240 19,820 119.4% for year 2 and 100.0% for year 1 117.2% for year 2 and 100.0% for year 1 65.1% for year 2 and 56.0% for year 1.

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To calculate the common size percentage for the cost of goods sold COGS using net sales a... View the full answer