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1. Use data below for the following problems: Income Statement 2017 2018 2019 2020 SALES COGS 598,000.00 $105,000.00 $107,000.00 $110,000.00 $47,000.00 $48,000.00 $48,000.00 $50,000.00 a.

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1. Use data below for the following problems: Income Statement 2017 2018 2019 2020 SALES COGS 598,000.00 $105,000.00 $107,000.00 $110,000.00 $47,000.00 $48,000.00 $48,000.00 $50,000.00 a. What is the average sales growth rate during this period? b. What is the average COGS to sales ratio during this period? c. Project the 2021 sales number assuming that sales in 2020 grows by the average sales growth rate you computed above in a. d. Project the 2021 COGS number using the average COGS to sales ratio you computed above in b

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