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Use the following selected information from Whitman Corp. to determine the Year 1 and Year 2 common size percentages for operating expenses using Net sales
Use the following selected information from Whitman Corp. to determine the Year 1 and Year 2 common size percentages for operating expenses using Net sales as the base.
Year 2 | Year 1 | |||||
Net sales | $ | 555,000 | $ | 449,000 | ||
Cost of goods sold | 228,400 | 136,220 | ||||
Operating expenses | 83,290 | 80,270 | ||||
Net earnings | 42,100 | 29,850 | ||||
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