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Posted on Jun 17, 2024

Anincome statement data for Boston Company for 2015 and 2016 follow: 20152016 Net sales$2,610,000$1,936,000 Cost of goods sold1,829,6001,256,400 Selling expenses396,800350,000 Administrative expenses234,800198,400 Federal income taxes57,60054,000

Anincome statement data for Boston Company for 2015 and 2016 follow:

20152016

Net sales$2,610,000$1,936,000

Cost of goods sold1,829,6001,256,400

Selling expenses396,800350,000

Administrative expenses234,800198,400

Federal income taxes57,60054,000

Calculate the common size percent for sellingexpenses in 2016.

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