(Millions of $s) For year ending 12/31 2020 2019 2018 Sales $5,550 $5,405 $5,250 Cost of Goods Sold $2,390 $2,355 $2,360 Gross Profit $3,160 $3.050 $2,890 Operating Expenses $2.660 $2,570 $2,480 Operating Profit $500 $480 $410 Interest Expense $145 $130 $105 Income Before Tax $355 $350 $305 Taxes $95 695 $85 Net Income 5260 $265 $220 Dividends Paid to Shareholders $200 $175 Spending for share repurchase $575 $560 $475 as of 12/31 2020 2019 2018 Assets $5,125 $5.005 $4,875 Liabilties $4.340 $3,685 $3,060 Shareholders Equity 5785 $1,320 $1.815 Total $5,125 $5.005 $4.875 Shares Outstanding (millions) as of 12/31 15.7 16.1 17.0 As of 12/31/17 Assets Shareholder Equity $8.950.0 $2.245.0 Part A (i) Between 2018 and 2020 how much has Manzoni's sales and gross profit grown (9/6/year)? (i) Manzoni's 2020 10K reports that Manzoni's prices have remained unchanged in the last three years and units sold (yards of fabric) have declined. What might explain the growth in sales and gross profit calculated above? (i) What accounted for the 2018-2020 growth in Manzoni's operating profit ($5) and change in operating profit margins.