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Use the following selected information from Wheeler, LLC to determine the 2015 and 2014 trend percentages for net sales using 2014 as the base. 2015
Use the following selected information from Wheeler, LLC to determine the 2015 and 2014 trend percentages for net sales using 2014 as the base.
| 2015 | 2014 |
Net sales | $276,200 | $231,400 |
Cost of goods sold | 151,900 | 129,590 |
Operating expenses | 55,240 | 53,240 |
Net earnings | 27,820 | 19,820 |
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36.4% for 2015 and 41.1% for 2014.
119.4% for 2015 and 100.0% for 2014.
117.2% for 2015 and 100.0% for 2014.
55.0% for 2015 and 56.0% for 2014.
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