Solved

As Part of Its Environmental Cost Reporting System, Crimson Company

Question 167

Multiple Choice

As part of its environmental cost reporting system, Crimson Company tracks its total environmental costs. Consider the cost and sales data given:  Total  Year  Environmental Costs  Sales Revenue  Operating Costs 2018$1,750,000$11,250,000$5,000,0002019$1,125,000$13,725,000$7,000,000\begin{array}{l}\begin{array} { c c c } &\text { Total }\\\text { Year }&\text { Environmental Costs } & \text { Sales Revenue } & \text { Operating Costs } \\2018&\$ 1,750,000 & \$ 11,250,000 & \$ 5,000,000 \\2019&\$ 1,125,000 & \$ 13,725,000 & \$ 7,000,000\end{array}\end{array} What is the change in environmental costs from 2018 to 2019 as a percentage of operating costs of 2018? (Round to two decimal places.)


A) 12.50%
B) 10.00%
C) 12.22%
D) 17.78%

Correct Answer:

verifed

Verified

Unlock this answer now
Get Access to more Verified Answers free of charge

Related Questions