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

	2017			2016
Net sales	$	358,200		$	295,400
Cost of goods sold		174,400			131,540
Operating expenses		63,490			61,190
Net earnings		32,020			22,770

Multiple Choice

• 17.7% for 2017 and 20.7% for 2016.

• 21.5% for 2017 and 17.3% for 2016.

• 31.0% for 2017 and 23.8% for 2016.

• 48.7% for 2017 and 44.5% for 2016.

• 121.3% for 2017 and 100.0% for 2016.