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Use the following selected information from Allen Company to determine the Year 1 and Year 2 common size percentages for operating expenses using Net sales
Use the following selected information from Allen Company to determine the Year 1 and Year 2 common size percentages for operating expenses using Net sales as the base. Year 2 Year 1 Net sales $ 440,200 $ 359,400 Cost of goods sold 196,900 133,490 Operating expenses 71,740 69,140 Net earnings 36,220 25,720
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