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.
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.

Question

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. 
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.

Quizplus · Accepted Answer

The Answer of 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. 
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.

Use the Following Selected Information from Whitman Corp