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11 39 Use the following selected information from Carleton Incorporated to determine the Year 1...

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11 39 Use the following selected information from Carleton Incorporated to determine the Year 1 and Year 2 trend percentages for cost of goods sold using Year 1 as the base Net sales Cost of goods sold Operating expenses Net earnings Multiple Choice Year 2 276 700 151 800 55 140 28 120 65 2 for Year 2 and 64 6 for Year 1 36 3 for Year 2 and 41 0 for Year 1 54 9 for Year 2 and 56 0 for Year 1 Year 1 231 500 129 690 53 140 19 920

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