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8. Use the following selected information from PRO, Inc. Net sales Cost of goods sold Operating expenses Net earnings Year 2 $ 276,200 151,910 55,240
8. Use the following selected information from PRO, Inc. Net sales Cost of goods sold Operating expenses Net earnings Year 2 $ 276,200 151,910 55,240 27,820 Year 1 $ 231,400 129,584 53,240 19,820 A. Calculate the Year 2 and Year 1 common size percentages for each component of the income statements. To earn partial credit, SHOW vor calculation in detail. B. Make a circle graph to show the results of your answers for Year 2
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