Consolidated balance sheets Moncton Technology Corporation Consolidated Statements of Financial Position (in millions) December 31, 2020 2019 Assets Current assets: Cash and cash equivalents en 4,311$ 4,238 Short-term investments 837 407 Accounts receivable, net 3,687 2,557 Inventories 327 307 1,519 1,387 Other Total current assets 10,681 8,896 Property, plant, and equipment, net 1,513 915 Investments 6,751 5,134 355 398 Other non-current assets 192343 16 300 Consolidated income statements Moncton Technology Corporation Consolidated Statements of Income (in millions, except per share amounts) Years Ended December 31, 2020 2019 2018 Net revenue $ 41,544 $ 34,092 35,080||$ 29,055 31,162 25,461 Cost of goods sold 7,452 6,025 5,701 Gross profit Operating expenses: Selling, general, and administrative Research, development, and engineering 3,344 3,060 2,984 454 462 452 Special charges 483 Total operating expenses 3,798 3,522 3,919 Operating income 3,654 205 2,503 173 Investment and other income (loss), net 1,782 (78) Income before income taxes 3,859 2,676 1,704 The Moncton Technology Corporation (MTC) financial statements follow (Click the icon to view the consolidated balance sheets.) (Click the icon to view the consolidated income statements.) MTC's trend of return on sales is O A. stuck at 7%. B. worrisome. C. improving D. declining