Dear student, only one question is allowed at a time. I am answering the first question
Common size percentage for respective years
= Cost of goods sold / Net Sales
2015
= $169,900 / $341,800
= 0.497 or 49.7%
2014
= $131,150 / $282,600
= 0.464 or 46.4%
So, as per above calculations, option A is the correct option
For my practice test... Use the following selected information from Wheeler, LLC to determine the 2015...
5. Use the following selected information from Wheeler, LLC to determine the 2015 and 2014 common size percentages for operating expenses using Net sales as the base (this is vertical analysis for the income statement) Net sales Cost of goods sold Operating expenses Net earnings 2015 $276,200 151,900 55,240 27,820 2014 $231,400 129,590 53,240 19,820 A. 36.4% for 2015 and 41.1% for 2014. B. 55.0% for 2015 and 56.0% for 2014. C. 23.9% for 2015 and 23.0% for 2014. D....
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
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