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

question 37

Multiple Choice

Use the following selected information from Wheeler,LLC to determine the 2017 and 2016 trend percentages for net sales using 2016 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) 119.4% for 2017 and 100.0% for 2016.
• D) 117.2% for 2017 and 100.0% for 2016.
• E) 65.1% for 2017 and 64.6% for 2016.

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Definitions:

Contrast Sensitivity

The ability to distinguish between variations in light and dark, a critical aspect of vision that affects how well one can perceive fine distinctions in brightness or textures.

Hyperopia

A common vision condition also known as farsightedness, where distant objects can be seen clearly but close ones do not come into proper focus.

Myopia

A vision condition characterized by difficulty in seeing distant objects clearly, commonly known as nearsightedness.

Presbyopia

A condition associated with aging in which the eye exhibits a progressively diminished ability to focus on near objects due to the loss of elasticity of the lens.