Refer to the information in QS 17-7. Determine the prior year and current year common-size percents for cost of goods sold using net sales as the base.

Data From QS 17-7

Use the following information to determine the prior year and current year trend percents for net sales using the prior year as the base year.

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$ thousands Current Yr Prior Yr Net sales.... $801,810 $453,000 Cost of goods sold 392,887 134,088