What is the percent change for cost of goods sold? Use the given statement of comprehensive income below in answering the question.DEF Company, Income Statement20212020SalesP10,200.00P9,600.00Cost of Goods SoldP3,000.00P2,600.00Gross ProfitP7,200.00P7,000.00Operating ExpensesP2,400.0P2,200.00Operating ProfitP4,800.00P4,800.00Interest ExpenseP900.00P800.00Earnings before taxP3,900.00P4,000.00Income TaxP1,560.00P1,600.00Net ProfitP2,340.00P2,400.00What is the percent change for cost of goods sold?A 14.28%B) 15.28%C) 14.38%D15.38%

Change in cost of goods sold = Cost of goods sold, 2021 - Cost of goods sold, 2020 = ₱3,000 - ₱2,600…

Use the given statement of comprehensive income below in answering the question. DEF Company, Income Statement 2021 2020 Sales P10,200.00 P9,600.00 Cost of Goods Sold P3,000.00 P2,600.00 Gross Profit P7,200.00 P7,000.00 Operating Expenses P2,400.00 P2,200.00 Operating Profit P4,800.00 P4,800.00 Interest Expense P900.00 P800.00 Earnings before tax P3,900.00 P4,000.00 Income Tax P1,560.00 P1,600.00 Net Profit P2,340.00 P2,400.00 What is the percent change for cost of goods sold? A) 14.28% (B 15.28% 14.38% 15.38%

Use the given statement of comprehensive income below in answering the question. DEF Company, Income Statement 2021 2020 Sales P10,200.00 P9,600.00 Cost of Goods Sold P3,000.00 P2,600.00 Gross Profit P7,200.00 P7,000.00 Operating Expenses P2,400.00 P2,200.00 Operating Profit P4,800.00 P4,800.00 Interest Expense P900.00 P800.00 Earnings before tax P3,900.00 P4,000.00 Income Tax P1,560.00 P1,600.00 Net Profit P2,340.00 P2,400.00 What is the percent change for cost of goods sold? A) 14.28% (B 15.28% 14.38% 15.38%

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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