MC Qu. 153 Use the following selected...

Use the following selected information from Wheeler, LLC to determine the 2017 and 2016 common size percentages for cost of goods sold using Net sales as the base.

Multiple Choice

42.0% for 2017 and 32.0% for 2016.

7.7% for 2017 and 6.8% for 2016.

123.3% for 2017 and 100.0% for 2016.

57.3% for 2017 and 50.2% for 2016.

174.4% for 2017 and 199.2% for 2016.

MC Qu. 146 A corporation reports the following...

A corporation reports the following year-end balance sheet data. The company's current ratio equals:

Multiple Choice

0.57

2.14

0.64

0.36

1.32

2017 2016 Net sales $522,200 $423,400 219,400 135,440 79,990 77,090 40,420 28,670 Cost of goods sold rating expenses Ope Net earnings