The Laughter Company had the following comparative income statements for Year 1 and Year 2.What are the cost of goods sold in common-size percentages for Year 1 and Year 2,respectively? (round percentages to one decimal) 
Definitions:
Memory and Learning
The cognitive processes involved in acquiring new information or modifying existing knowledge (learning) and storing and recalling information (memory).
Cerebrum
The most sizable segment of the brain, accountable for advanced cerebral activities including thinking, acting, and feeling emotions.
Hostile Takeover
An acquisition in which the company being purchased does not want to be bought or is unaware of the purchase attempt.
Realistic Job Preview
A tool used by employers to give prospective employees a truthful view of the job duties and environment before hiring.
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