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Manero Company included the following information in its annual report: 2019 2018 2017 Sales $ 178,400 $ 162,500 $ 155,500 Cost of goods sold 115,000
Manero Company included the following information in its annual report:
2019 | 2018 | 2017 | |||||||||
Sales | $ | 178,400 | $ | 162,500 | $ | 155,500 | |||||
Cost of goods sold | 115,000 | 102,500 | 100,000 | ||||||||
Operating expenses | 50,000 | 50,000 | 45,000 | ||||||||
Operating income | 13,400 | 10,000 | 10,500 |
In comparison to year 2017, the effect of sales growth on operating income of 2018 was (ignore taxes):
Group of answer choices
a $473.
b $431.
c $7,000
d $6,667.
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