In a trend income statement where 2014 is the base year, sales for 2016 are expressed as

a.	87.2%.
b.	100.0%.
c.	114.7%.
d.	148.7%.

Manero Company included the following information in its annual report:

	2016	2015	2014
Sales	$178,400	$162,500	$155,500
Cost of goods sold	115,000	102,500	100,000
Operating expenses	50,000	50,000	45,000
Net income	13,400	10,000	10,500

Refer to Manero. In a common size income statement for 2016, the operating expenses are expressed as

a.	28.0%.
b.	30.3%.
c.	43.8%.
d.	100.0%.

In a trend income statement where 2014 is the base year, sales for 2014 are expressed as

a.	84.4%.
b.	92.6%.
c.	100.0%.
d.	150.5%.