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(b) The following items were taken from the financial statements of Mint, Inc., over a three-year period: Item 2021 2020 2019 Net Sales $355,000

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(b) The following items were taken from the financial statements of Mint, Inc., over a three-year period: Item 2021 2020 2019 Net Sales $355,000 $336,000 $300,000 Cost of Goods Sold 214,000 206,000 186,000 Gross Profit $141,000 $130,000 $114,000 (a) Your answer is correct Compute the amount and percentage change from 2019 to 2020. (Round percentages to 1 decimal place, eg. 17.5%) Item Amount Net Sales 36000 Cost of Goods Sold 20000 Gross Profit eTextbook and Media Your answer is incorrect Percentage 12 % 10.8 % 16000 14 % Attempts: 1 of 3 used Compute the amount and percentage change from 2020 to 2021. (Round percentages to 1 decimal place, eg 17.5%) Item Net Sales Cost of Goods Sold Gross Profit Amount Percentage % %

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