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

	2017			2016
Net sales	$	278,700		$	231,900
Cost of goods sold		151,400			130,090
Operating expenses		54,740			52,740
Net earnings		28,520			20,320

Multiple Choice

• 36.2% for 2017 and 40.5% for 2016.

• 54.3% for 2017 and 56.1% for 2016.

• 65.9% for 2017 and 64.6% for 2016.

• 116.4% for 2017 and 100.0% for 2016.

• 120.2% for 2017 and 100.0% for 2016.