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Use the following selected information from Whitman Corp. to determine the Year 1 and Year 2 trend percentages for net sales using Year 1 as
Use the following selected information from Whitman Corp. to determine the Year 1 and Year 2 trend percentages for net sales using Year 1 as the base. Net sales Cost of goods sold Operating expenses Net earnings Year 2 Year 1 $280, 700 $232,300 151,000 130, 490 54,340 52,340 28,920 20, 720 Multiple Choice O 66.5% for Year 2 and 64.6% for Year 1. 120.8% for Year 2 and 100.0% for Year 1. O 53.8% for Year 2 and 56.2% for Year 1. 115.7% for Year 2 and 100.0% for Year 1. 36.0% for Year 2 and 40.1% for Year 1
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