QS 17-5 Common-size analysis LO P2 The following information is for Tide Corporation: ($ thousands) Net sales Cost of goods sold 2017 $803,764 395,050 2016 $455,342 136,015 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: 1 Choose Denominator: - Common-Size Percents 2017: 2016