Question: Help QS 17-5 Common-size analysis LO P2 The following information is for Tide Corporation: ($ thousands) Net sales Cost of goods sold 2017 $804,752 396,204
Help QS 17-5 Common-size analysis LO P2 The following information is for Tide Corporation: ($ thousands) Net sales Cost of goods sold 2017 $804,752 396,204 2016 $456,474 137, 165 Use the following information for Tide Corporation to determine the 2016 and 2017 common-size percents for cost of goods sold using net sales as the base. Common-Size Percent for Cost of Goods Sold using Net Sales as the base: Choose Numerator: 1 Choose Denominator: / Base year net sales Common-Size Percents 804,752 / $ 456,474 $ 2017: 2016: 456,474
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