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Use the Following Selected Information from Farris, LLC to Determine

question 165

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Use the following selected information from Farris, LLC to determine the Year 2 and Year 1 common size percents for cost of goods sold using Year 1 net sales as the base. Use the following selected information from Farris, LLC to determine the Year 2 and Year 1 common size percents for cost of goods sold using Year 1 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 64.6% for Year 1.

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