Question

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 $286,200 $233,400 149.900 53,240 30,020 Cost of goods sold Operating expenses Net earnings 131.590 51,240 21,820 113.9% for 2017 and 100.0% for 2016. 122.6% for 2017 and 100.0% for 2016. 68.3% for 2017 and 64.6% for 2016. 52.4% for 2017 and 56.4% for 2016. 35.5% for 2017 and 38.9% for 2016. References

Answer 1

A 2. 3 Net Sales 4. Cost of Goods Sold 5 Operating expenses 6 Net earnings Answer - Option - B 2017 286,200 $ 149,900 $ 53,240 $ 30,020 $ 2016 233,400 131,590 51.240 21,820 7 8 Percenrage for net sales 1=$286,200 / $233,400 =$233,400 / $233,400 9 using 2016 as the base 122.6% 100.0% 10

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