Use the Following Selected Information from Whitman Corp

question 237

Multiple Choice

Use the following selected information from Whitman Corp.

-To determine the Year 1 and Year 2 common size percentages for cost of goods sold using Net sales as the base.

• A)36.4% for year 2 and 41.1% for year 1.
• B)55.0% for year 2 and 56.0% for year 1.
• C)119.4% for year 2 and 100.0% for year 1.
• D)117.2% for year 2 and 100.0% for year 1.
• E)65.1% for year 2 and 56.0% for year 1.