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

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