Help Save & Exit Use the following selected information from Whitman Corp. to determine the Year 1 and Year 2 common size percentages for cost of goods sold using Net sales as the base. Net sales Cost of goods sold Operating expenses Net earnings Year 2 Year 1 $604,200 $487,400 241,900 137,390 88,240 85,040 44,620 31,620 Multiple Choice 40.0% for Year 2 and 28.2% for Your 7.4% for Year 2 and 6.5% for Year 1 124.0% for Year 2 and 100.0% for Yeart 163.0 for Year 2 and 219 16 for Year Next > 6 of 60