Manero Company included the following information in its annual report: ...

70.2K

Verified Solution

Question

Accounting

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.

Answer & Explanation Solved by verified expert
Get Answers to Unlimited Questions

Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!

Membership Benefits:
  • Unlimited Question Access with detailed Answers
  • Zin AI - 3 Million Words
  • 10 Dall-E 3 Images
  • 20 Plot Generations
  • Conversation with Dialogue Memory
  • No Ads, Ever!
  • Access to Our Best AI Platform: Flex AI - Your personal assistant for all your inquiries!
Become a Member

Other questions asked by students