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Use the following information for the Quick Studies below. (Algo) ($ thousands) Net sales Cost of goods sold Current Year $ 802,213 393,339 Prior
Use the following information for the Quick Studies below. (Algo) ($ thousands) Net sales Cost of goods sold Current Year $ 802,213 393,339 Prior Year $ 453,350 134,505 QS 13-8 (Algo) Common-size analysis LO P2 Determine the Prior Year and Current Year common-size percents for cost of goods sold using net sales as the base. (Enter the answers in thousands of dollars.) Common-Size Percent for Cost of Goods Sold using Net Sales as the base: Current Year: Prior Year: Numerator: Denominator: Common-size percents % %
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