Use the following selected information from Wheeler,LLC to determine the 2018 and 2017 trend percentages for net sales using 2017 as the base. $\begin{array}{lrrl}
&2018&&2017\
Net ~sales&\$ 276,200& & \$ 231,400 \
Cost ~of ~goods ~sold&151,90 0 & & 129,590 \
Operatirg ~expenses&55,240 & & 53,240 \
Net ~earmirgs&27,820 & & 19,820
\end{array}$
A)36.4% for 2018 and 41.1% for 2017.
B)55.0% for 2018 and 56.0% for 2017.
C)119.4% for 2018 and 100.0% for 2017.
D)117.2% for 2018 and 100.0% for 2017.
E)65.1% for 2018 and 64.6% for 2017.

Question

Quizplus · Accepted Answer

Trend percentages are calculated by dividing the analysis year amount by the base year amount and then multiplying by 100. For net sales, using 2017 as the base year, the calculation for 2018 is $(276,200 / 231,400) * 100 = 119.4%$, and for 2017, it is $(231,400 / 231,400) * 100 = 100.0%$.

Use the Following Selected Information from Wheeler,LLC to Determine the 2018