Use the Following Selected Information from Wheeler, LLC to Determine

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. $$\begin{array} { | l | r | r | } \hline & { \mathbf { 2 0 1 7 } } & { \mathbf { 2 0 1 6 } } \\\hline \text { Net sales } & \$ 276,200 & \$ 231,400 \\\hline \text { Cost of goods sold } & 151,900 & 129,590 \\\hline \text { Operating expenses } & 55,240 & 53,240 \\\hline \text { Net earnings } & 27,820 & 19,820 \\\hline\end{array}$$

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.