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Use the following selected information from Corolla to determine the Year 1 and Year 2 trend percentages for net sales using Year 1 as the

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Use the following selected information from Corolla to determine the Year 1 and Year 2 trend percentages for net sales using Year 1 as the base. Multiple Choice 524% for Year 2 and 56.4% for Year 1 68.3% for Year 2 and 64.6% for Year 1 . A corporation reported cash of $14,200 and total assets of $178,500 on its balance sheet. Its common-size percent for cash equals: Multiple Choice 14.73% 7,960.00% 0.08% 796%

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