Question

Use the following selected information from Wheeler, LLC to determine the 2017 and 2016 trend percentages...

Use the following selected information from Wheeler, LLC to determine the 2017 and 2016 trend percentages for net sales using 2016 as the base.

2017    2016

Net sales$281,700 $232,500

Cost of goods sold 150,800 130,690

Operating expenses 54,140 52,140

Net earnings 29,120 20,920

Business   Accounting   
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Answer #1
121.2% for 2017 and 100.0% for 2016.
2017 2016
Net sales       281,700       232,500
Cost of goods sold       150,800       130,690
Operating expenses         54,140         52,140
Net earnings         29,120         20,920
Percentage for net sales 121.2% 100.0%
(281,700/232,500), (232,500/232,500)
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