Multiple Choice
Use the following selected information from Wheeler,LLC to determine the 2015 and 2014 common size percentages for cost of goods sold using Net sales as the base.
A) 36.4% for 2015 and 41.1% for 2014.
B) 55.0% for 2015 and 56.0% for 2014.
C) 119.4% for 2015 and 100.0% for 2014.
D) 117.2% for 2015 and 100.0% for 2014.
E) 65.1% for 2015 and 56.0% for 2014.
Correct Answer:

Verified
Correct Answer:
Verified
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