Spartan Book Store (SBS) and MSU Book Store (MSUB) have the following financial statement information: Spartan Book Store (SBS) 2021 2020 Sales $1,000,000 $995,000 Cost of Goods Sold $800,000 $870,000 Average Inventory $145,000 $142,000

MSU Book Store (MSUB) 2021 2020 Sales $850,000 $780,000 Cost of Goods Sold $600,000 $570,000 Average Inventory $145,000 $142,000 Which of the following statements is TRUE:

	SBS has a higher gross profit margin in 2021 than MSUB.
	MSUB managed its inventory more effectively than SBS in 2021.
	SBS had a higher percentage change in sales in 2021 over 2020 relative to MSUB.
	SBS managed its inventory more effectively than MSUB in 2020.