Use the following selected information from Wheeler, LLC to determine the 2017 and 2016 trend percentages for net sales using 2016 as the base. 2017 2016Net sales $ 276,200 $ 231,400Cost of goods sold 151,900 129,590Operating expenses 55,240 53,240Net earnings 27,820 19,820Multiple Choice65.1% for 2017 and 64.6% for 2016.55.0% for 2017 and 56.0% for 2016.119.4% for 2017 and 100.0% for 2016.36.4% for 2017 and 41.1% for 2016.117.2% for 2017 and 100.0% for 2016.
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