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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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