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D Question 10 13 1 pts Use the following selected information from Letterman Corporation to determine the Year 1 and Year 2 common size
D Question 10 13 1 pts Use the following selected information from Letterman Corporation to determine the Year 1 and Year 2 common size percentages for cost of goods sold using Net sales as the base. Year 2 Net sales $ 522,200 Year 1 $ 423,400 Cost of goods sold 219,400 135,440 Operating expenses 79,990 77,090 Net earnings 40,420 28,670 O 174.4% for Year 2 and 199.2% for Year 1. O 57.3% for Year 2 and 50.2% for Year 1. O 123.3% for Year 2 and 100.0% for Year 1. O 42.0% for Year 2 and 32.0% for Year 1. O 7.7% for Year 2 and 6.8% for Year 1.
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