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
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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