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

question 48

Multiple Choice

Use the following selected information from Wheeler,LLC to determine the 2018 and 2017 trend percentages for net sales using 2017 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 64.6% for 2017.

---

Definitions:

Termination Option

A termination option is a contract provision that allows a party to end the agreement under specified conditions before its natural conclusion.

Operation of Law

Changes in legal status or rights that occur automatically due to existing legal rules, rather than through the action of any party.

Mutual Agreement

A concord reached by all parties involved, based on shared terms and conditions, often formalized through a contract.

Secured Lending

The practice of issuing loans backed by collateral, providing the lender with security in case of borrower default.