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Use the following selected information from Wheeler, LLC to determine the 2017 and 2016 common size percentages for cost of goods sold using Net sales

Use the following selected information from Wheeler, LLC to determine the 2017 and 2016 common size percentages for cost of goods sold using Net sales as the base.

2017 2016

Net sales $ 522,200 $ 423,400

Cost of goods sold 219,400 135,440

Operating expenses 79,990 77,090

Net earnings 40,420 28,670

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