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Determine common-size percents for cost of goods sold

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Question: Refer to the information in QS. Use that information for Tipster Corporation to determine the 2010 and 2011 common-size percents for cost of goods sold using net sales as the base.

QS: Use the following information for Tipster Corporation to determine the 2010 and 2011 trend percents for net sales using 2010 as the base year.

($ thousands)                               2011               2010

Net sales . . . . . . . . . . . . . . . . $201,600          $114,800

Cost of goods sold . . . . . . . . 109,200                  60,200

Reference no: EM131536005

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