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QS 13-5 Common-size analysis LO P2 The following information is for Tide Corporation: ($ thousands) 2017 2016 Net sales $ 801,810 $ 453,000 Cost of
QS 13-5 Common-size analysis LO P2
The following information is for Tide Corporation:
| ($ thousands) | 2017 | 2016 | ||||
| Net sales | $ | 801,810 | $ | 453,000 | ||
| Cost of goods sold | 392,887 | 134,088 | ||||
Determine the 2016 and 2017 common-size percents for cost of goods sold using net sales as the base.
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