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As part of its environmental cost reporting system, Crimson Company tracks its total environmental costs. Consider the following cost and sales data: Total Year Environmental
As part of its environmental cost reporting system, Crimson Company tracks its total environmental costs. Consider the following cost and sales data:
Total | |||
Year | Environmental Costs | Sales Revenue | Operating Costs |
1 | $1,750,000 | $11,250,000 | $5,000,000 |
2 | 1,125,000 | 13,725,000 | 7,000,000 |
What is the change in environmental costs from Year 1 to Year 2 as a percentage of operating costs of Year 1 (rounded to two decimal places)?
a.12.50%
b.12.22%
c.10.00%
d.17.78%
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