Question 7 Manero Company included the following information in its annual report: 2018 2017 2016 Sales $188,400 $162,500 $150,500 115,000 102,500 100,000 Cost of goods sold Operating expenses 50,000 45,000 50,000 23,400 Net income 10,000 5,500 In a Horizontal analysis of income statement for 2017, sales are expressed as A. 114.7% B. 115.1% C. 107.9% D. 100.0%