Use the Following Selected Information from Wheeler,LLC to Determine the 2018

Multiple Choice

Use the following selected information from Wheeler,LLC to determine the 2018 and 2017 common size percentages for cost of goods sold using Net sales as the base. $\begin{array}{lrrl}&2018&&2017\\Net ~sales&\$ 276,200& & \$ 231,400 \\Cost ~of ~goods ~sold&151,90 0 & & 129,590 \\Operatirg ~expenses&55,240 & & 53,240 \\Net ~earmirgs&27,820 & & 19,820\end{array}$

A) 36.4% for 2018 and 41.1% for 2017.
B) 55.0% for 2018 and 56.0% for 2017.
C) 119.4% for 2018 and 100.0% for 2017.
D) 117.2% for 2018 and 100.0% for 2017.
E) 65.1% for 2018 and 56.0% for 2017.