Use the Following Selected Information from Whitman Corp A) 364% for Year 2 and 41

question 10

Multiple Choice

Use the following selected information from Whitman Corp. to determine the Year 1 and Year 2 common size percentages for operating expenses using Net sales as the base. $\begin{array}{lrr}& \text { Year } 2 & \text { Year } 1 \\\text { Net sales } & \$ 276,200 & \$ 231,400 \\\text { Cost of goods sold } & 151,900 & 129,590 \\\text { Operating expenses } & 55,240 & 53,240 \\\text { Net earnings } & 27,820 & 19,820\end{array}$

• 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) 23.9% for Year 2 and 23.0% 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.

---

Definitions:

Environment

The surrounding conditions, influences, or forces which affect the living organisms or the development of physical systems.

Individual Differences

Variabilities among individuals in behavior, biology, and cognition, which make each person unique.

Heredity

The genetic transmission of characteristics from parents to offspring, influencing qualities such as appearance, certain behaviors, and risks for specific diseases.

Social And Historical Context

Refers to the environment or background influenced by societal norms and historical events that shape the understanding, behavior, and interactions of individuals or societies.