Determine common-size percents for cost of goods sold

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Reference no: EM133174399

Question - The following information for Tide Corporation:

($ thousands)

2013

2012

Net sales

$801,810

$453,000

Cost of goods

392,887

134,088

Determine the 2012 and 2013 common-size percents for cost of goods sold using net sales as the base.

Reference no: EM133174399

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