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MicroFiber company reports in its 2021 10-K, sales of $565 million and cost of goods sold of $226 million. For next year, you project that
MicroFiber company reports in its 2021 10-K, sales of $565 million and cost of goods sold of $226 million. For next year, you project that sales will grow by 6% and that cost of goods sold percentage will be 1 percentage point higher. Projected cost of goods sold for 2022 will be:
Group of answer choices
a)$248 million
b)$246 million
c)$242 million
d)$240 million
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