Use the Following Selected Information from Wheeler,LLC to Determine the 2017

question 102

Multiple Choice

Use the following selected information from Wheeler,LLC to determine the 2017 and 2016 common size percentages for operating expenses using Net sales as the base.
$\begin{array}{|l|r|r|}\hline&2017&2016\\\hline \text { Net sales } & \$ 276,200 & \$ 231,400 \\\hline \text { Cost of goods sold } & 151,900 & 129,590 \\\hline \text { Operating expenses } & 55,240 & 53,240 \\\hline \text { Net earnings } & 27,820 & 19,820\\\hline\end{array}$

• A) 36.4% for 2017 and 41.1% for 2016.
• B) 55.0% for 2017 and 56.0% for 2016.
• C) 23.9% for 2017 and 23.0% for 2016.
• D) 103.8% for 2017 and 100.0% for 2016.
• E) 20.0% for 2017 and 23.0% for 2016.

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Definitions:

Intersexual Selection

A mode of natural selection where members of one biological sex choose mates of the other sex to mate with, often based on certain desirable characteristics.

Polyandry

A mating system in which a female mates with several males during a breeding season. Compare with polygyny.

Intrasexual Selection

A type of natural selection where members of one sex compete with each other for access to members of the opposite sex for reproduction.

Problem Solving

The process of finding solutions to difficult or complex issues through a systematic approach that involves creativity and reasoning.