Use the following selected information from Wheeler, LLC to determine the 2017 and 2016 common size percentages for operating expenses using Net sales as the base. $\begin{array}{|l|r|r|}
\hline & \mathbf{2 0 1 7} &2016 \
\hline \text { Net sales } & \$ 276,200 & \$ 231,400 \
\hline \text { Cost of goods sold } & 151,900 & 129,590 \
\hline \text { Operating expenses } & 55,240 & 53,240 \
\hline \text { Net earnings } & 27,820 & 19,820\\hline
\end{array}$
A)23.9% for 2017 and 23.0% for 2016.
B)103.8% for 2017 and 100.0% for 2016.
C)36.4% for 2017 and 41.1% for 2016.
D)55.0% for 2017 and 56.0% for 2016.
E)20.0% for 2017 and 23.0% for 2016.

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The Answer of Use the following selected information from Wheeler, LLC to determine the 2017 and 2016 common size percentages for operating expenses using Net sales as the base. $\begin{array}{|l|r|r|}
\hline & \mathbf{2 0 1 7} &2016 \
\hline \text { Net sales } & \$ 276,200 & \$ 231,400 \
\hline \text { Cost of goods sold } & 151,900 & 129,590 \
\hline \text { Operating expenses } & 55,240 & 53,240 \
\hline \text { Net earnings } & 27,820 & 19,820\\hline
\end{array}$
A)23.9% for 2017 and 23.0% for 2016.
B)103.8% for 2017 and 100.0% for 2016.
C)36.4% for 2017 and 41.1% for 2016.
D)55.0% for 2017 and 56.0% for 2016.
E)20.0% for 2017 and 23.0% for 2016.

Use the Following Selected Information from Wheeler, LLC to Determine