Use the Following Selected Information from Farris, LLC to Determine

question 138

Multiple Choice

Use the following selected information from Farris, LLC to determine the Year 2 and Year 1 common size percents for operating expenses 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) 103.8% for Year 2 and 100.0% for Year 1.
• E) 20.0% for Year 2 and 23.0% for Year 1.

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