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Use the following selected information from Whitman Corp. to determine the Year 1 and Year 2 common size percentages for cost of goods sold using

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Use the following selected information from Whitman Corp. to determine the Year 1 and Year 2 common size percentages for cost of goods sold using Net sales as the base Net sales Cost of goods sold Operating expenses Net earnings Year 2 Year 1 $473,000 $385,000 205,900 134,270 75,040 72,320 37.900 26,900 Multiple Choice 1604% for Year 2 and 1864 fw Year 59.4% for Year 2 and 53.7% for Yeart 122.9% for Year 2 and 100.0% for Year 1 43.5% for Year 2 and 349% for Year 1 8.0% for Year 2 and 70% for Yeart A corporation reported cash of $27.200, total assets of $462,000, and total equity of $158,330 on its balance sheet its common-size percent for cash equals: 1 Multiple Choice O 16.99% 590% . 10000K 5.B

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