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Assume the following cost of goods sold data for a company: 2023 2022 2021 $1,400,000 1,200,000 1,000,000 If 2021 is the base year, what is

Assume the following cost of goods sold data for a company: 2023 2022 2021 $1,400,000 1,200,000 1,000,000 If 2021 is the base year, what is the percentage increase in cost of goods sold from 2021 to 2023? 40% O 20% O 17% 140%

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