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Use the following selected information from Farris, LLC to determine the Year 2 and Year 1 common size percents for operating expenses using net sales
Use the following selected information from Farris, LLC to determine the Year 2 and Year 1 common size percents 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 |
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