QS 17-5 Common-size analysis LO P2 The following information is for Tide Corporation: ( thousands) Net sales 2017 2016 $805,719 $457,247 396,772 138,073 Cost of goods sold Use the following information for Tide Corporation to 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: Analysis period cost of goods sold I Analysis period net sales Common-Size Percents 2017: 01% 2016