Net sales Cost of goods sold Operating expenses Net earnings Year 2 Year 1 $283,700 $232,900 150,400 131,090 53,740 51,740 29,520 21,320 Multiple Choice 67.5% for Year 2 and 64.6% for Year 1 35.7% for Year 2 and 39.5% for Year 1 114.7% for Year 2 and 100.0% for Year 1 53.0% for Year 2 and 56.3% for Year 1 121.8% for Year 2 and 100.0% for Year 1