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LMS English (en) 28 Use the following selected information from Farris, LLC to determine the Year 2 and Year 1 common size percents for operating

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LMS English (en) 28 Use the following selected information from Farris, LLC to determine the Year 2 and Year 1 common size percents for operating expenses using Year 1 net sales as the base. out of Year 2 Year 1 estion Net sales $276,200 $231,400 151,900 129.590 Cost of goods sold Operating expenses Net profit 55,240 53.240 27.820 19,820 a 103.89 for Year 2 and 100.0% for Year 1. b: 20.0% for Year 2 and 23.0% for Year 1 c. 55.0% for Year 2 and 56.0% for Year 1. d. 119.4% for Year 2 and 100.0% for Year 1 e. 36.4% for Year 2 and 41.1% for Year 1

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