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Assume the Following Cost of Goods Sold Data for a Company

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Assume the following cost of goods sold data for a company: Assume the following cost of goods sold data for a company:   If 2016 is the base year, what is the percentage increase in cost of goods sold from 2016 to 2018? A)  140% B)  40% C)  20% D)  17% If 2016 is the base year, what is the percentage increase in cost of goods sold from 2016 to 2018?


Definitions:

Utility

A measure of satisfaction or pleasure derived from consuming products or services.

Money Income

The total amount of monetary earnings received by an individual or household, including wages, salaries, investments, and other income sources.

Coke

A carbonized material derived from coal used mainly in steel production, or a trademark for a popular carbonated soft drink.

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