Use the Following Selected Information from Wheeler, LLC to Determine

question 82

Multiple Choice

Use the following selected information from Wheeler, LLC to determine the 2017 and 2016 trend percentages for cost of goods sold using 2016 as the base. $$\begin{array} { | l | r | r | } \hline & { \mathbf { 2 0 1 7 } } & { \mathbf { 2 0 1 6 } } \\\hline \text { Net sales } & \$ 276,200 & \$ 231,400 \\\hline \text { Cost of goods sold } & 151,900 & 129,590 \\\hline \text { Operating expenses } & 55,240 & 53,240 \\\hline \text { Net earnings } & 27,820 & 19,820 \\\hline\end{array}$$

• A) 117.2% for 2017 and 100.0% for 2016.
• B) 119.4% for 2017 and 100.0% for 2016.
• C) 55.0% for 2017 and 56.0% for 2016.
• D) 36.4% for 2017 and 41.1% for 2016.
• E) 65.1% for 2017 and 64.6% for 2016.

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Definitions:

Prescription Refills

denotes the process of obtaining more of a medication that a doctor has previously prescribed.

Infection Control

Practices and procedures aimed at preventing the spread of infectious diseases in healthcare settings and the wider community.

Vacation Time

A period of time allotted to employees during which they are not required to work, allowing for rest and recreation.

Full-Time Employment

Employment status where an individual works a minimum number of hours defined by their employer as full-time, commonly around 35 to 40 hours per week.