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General Electric provides the following financial information. Determine the 2017 and 2016 common size percentages for cost of goods sold using Net sales as the

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General Electric provides the following financial information. Determine the 2017 and 2016 common size percentages for cost of goods sold using Net sales as the base. Net sales Cost of goods sold Operating expenses Net earnings 2017 2016 $391,000 $321,000 183,400 132,320 66,790 64,370 33,700 23,950

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