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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
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 Net sales Cost of goods sold Operating expenses Net earnings Multiple Choice $ 473,000 Year 1 $ 385,000 205,900 134,270 75,040 37,900 72,320 26,900 15.9% for Year 2 and 18.8% for Year 1. 27.7% for Year 2 and 16.1% for Year 1. 43.5% for Year 2 and 34.9% for Year 1. 122.9% for Year 2 and 100.0% for Year 1. Drav
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