Response to the following:
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