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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 $ 604,200 $ 487,400 Cost of goods sold 241,900 137,390 Operating expenses 88,240 85,040 Net earnings 44,620 31,620 Question 39 options: 25.4% for Year 2 and 10.7% for Year 1. 14.6% for Year 2 and 17.4% for Year 1. 18.1% for Year 2 and 23.0% for Year 1. 40.0% for Year 2 and 28.2% for Year 1. 124.0% for Year 2 and 100.0% for Year 1
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