2020 2019 2018 Sales 1,200 1,000 800 COGS 850 700 550 SG&A expenses 150 150 100 Depreciation expense 50 50 50 Income taxes 30 35 35 Question 8 (2 points) Saved 1/S: Gracenat's effective tax rate in 2020 was: a) Not enough information to know b) The same as in 2019 c) Greater than in 2019 d) Less than in 2019 1/S: Gracenat's EBITDA in 2020 was a) $150 b) $200 Oc) $50 Od d) $170 Question 10 (2 points) Saved 1/S: Assuming the same number of products were sold in each of these three years, manufacturing efficiencies were the best in which year? a) 2019 b) All three years are the same. c) 2018 d) 2020