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7. Armi Inc. had the following results for the last three years: 2020 2019 2018 Sales $10,000 $9,500 $9,000 Other Operating Expenses (S&A) 1,350 1,640
7. Armi Inc. had the following results for the last three years:
2020 | 2019 | 2018 | |
Sales | $10,000 | $9,500 | $9,000 |
Other Operating Expenses (S&A) | 1,350 | 1,640 | |
Nonoperating Expenses | 120 | 10 | 290 |
Nonoperating Revenue | 90 | 140 | 40 |
Cost of Goods Sold | 7,300 | 6,300 | |
Gross Profit Ratio | 28% | ||
Operating Profit Ratio | 10% |
Problem 2.2
For 2019 the Other Operating Expenses were:
Group of answer choices
$1,250
$2,200
$950
$1,080
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