Question: Required information Use the following information for the Quick Studies below. (Algo) ($ thousands) Current Year Prior Year Net sales $ 801,943 $ 453, 132

Required information Use the following information for the Quick Studies below. (Algo) ($ thousands) Current Year Prior Year Net sales $ 801,943 $ 453, 132 Cost of goods sold 393, 111 134, 237 QS 13-8 (Algo) Common-size analysis LO P2 Determine the Prior Year and Current Year common-size percents for cost of goods sold using net sales as the base. Note: Enter the answers in thousands of dollars. Common-Size Percent for Cost of Goods Sold using Net Sales as the base: Numerator: Denominator: Common-size percents Current Year: % Prior Year
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