QS 13-4 Trend percents LO P1 The following information is for Tide Corporation: ($ thousands) Net sales Cost of goods sold 2017 $508,440 249,135 2016 $223,000 66,008 Determine the 2016 and 2017 trend percents for net sales using 2016 as the base year. Trend Percent for Net Sales: I Choose Denominator: Choose Numerator: Trend Percent 2017: 2016: Check my QS 13-5 Common-size analysis LO P2 The following information is for Tide Corporation: ($ thousands) Net sales Cost of goods sold 2017 $882,776 394, 026 2016 $454,093 135,073 Determine the 2016 and 2017 common-size percents for cost of goods sold using net sales as the base. Common Size Percent for Cost of Goods Sold using Net Sales as the base: Choose Numerator: Choose Denominator: Common-Size Percents 2017: 2016: Express the following comparative income statements in common-size percents. (Round your percentage answers to 1 decimal place.) GOMEZ CORPORATION Comparative Income Statements For Years Ended December 31, 2017 and 2016 2017 2016 $ % $ $ 645,000 Sales $ 795,000 Cost of goods sold 565,400 295,400 349,600 Gross profit 229,600 Operating expenses 270,8001 129,200 Net income $ 100,400 $ 78,800L