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

question 115

Multiple Choice

Use the following selected information from Wheeler,LLC to determine the 2018 and 2017 common size percentages for operating expenses 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)23.9% for 2018 and 23.0% for 2017.
• D)103.8% for 2018 and 100.0% for 2017.
• E)20.0% for 2018 and 23.0% for 2017.

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Definitions:

Cardiovascular Disease

A class of diseases that involve the heart or blood vessels, including coronary artery disease, heart failure, and stroke.

Inferior Vena Cava

A large vein that carries deoxygenated blood from the lower and middle parts of the body back to the right atrium of the heart.

Left Atrium

The upper left chamber of the heart, which receives oxygenated blood from the lungs and pumps it into the left ventricle.

Angina Pectoris

A condition characterized by chest pain due to reduced blood flow to the heart muscle, often indicative of coronary heart disease.