Use the Following Selected Information from Wheeler,LLC to Determine the 2015

question 124

Multiple Choice

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.

• 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)103.8% for 2015 and 100.0% for 2014.
• E)20.0% for 2015 and 23.0% for 2014.

---

Definitions:

Investments-Evans Company Bonds

Refers specifically to financial investments made in bonds issued by the Evans Company, representing a loan by the investor to the issuer.

Temporary Investments

Investments that a company plans to sell within a short period, typically within one year.

Current Assets

Assets likely to be converted into cash, sold, or consumed within one year or a business cycle, such as cash, inventory, and receivables.

Cash Equivalents

Investments of a short duration that are highly liquid, easily converted into precise cash amounts, and carry a minimal risk of fluctuating in value.