In Analyzing the Income Statement of Bob Company, Cost of Goods

question 42

Multiple Choice

In analyzing the income statement of Bob Company, cost of goods sold decreased by 8.2% from 2016 to 2017. If the cost of goods sold was $19,000 in 2016, what was it in 2017? (Rounded to the nearest cent.)

• A)$17,442
• B)$1,558
• C)$20,697.17
• D)$20,796.71
• E)None of these

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