Question
MacMan, Inc. reported the followingdata: 2019 2018 Amount Percentage Revenues $7,000 $4,970 $2,030 40.85% Cost of goods sold 3,420 2,500 920 36.8% Gross profit 3,580
MacMan, Inc. reported the followingdata:
2019
2018
Amount
Percentage
Revenues
$7,000
$4,970
$2,030
40.85%
Cost of goods sold
3,420
2,500
920
36.8%
Gross profit
3,580
2,470
1,110
44.94%
Operatingexpenses:
Sales and marketing expense
730
580
150
25.86%
General and administrative expenses
470
455
15
3.3%
Research and development expense
470
390
80
20.51%
Other expense
430
720
(290)
(40.28)%
Total operating expenses
2,100
2,145
(45)
(2.1)%
Income before income tax
1,480
325
1,155
355.38%
Income tax expense
270
230
$40
17.39%
Net income(loss)
$1,210
$95
$1,115
1,173.68%
The horizontal analysis shows that cost of goods sold has________.
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