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Artie 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

Artie 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 2.1

For 2020 the cost of goods sold was:

Group of answer choices

$1,450

$5,850

$7,200

$2,800

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