Question: Income Statement Years Ending 1 2 / 3 1 / 2 0 and 1 2 / 3 1 / 2 1 Balance Sheet As of

Income Statement
Years Ending 12/31/20 and 12/31/21
Balance Sheet
As of 1231?20 and 1231?21
\table[[ACCOUNT,,2020,,,2021,CATEGORY,,020,,2021],[Net Sales,$,,440,,,462 Current Assets,$,94,$,111],[Cost of Goods Sold,$,,200.,$,,235 Fixed Assets,$,208,$,195],[Gross Profit,$,,241,$,,227 Total Assets,$,302,$,306],[Operating Expenses,$,,163,$,,181 Liabilities and Owner's Equity,,,,],[EBIT,$,,78,$,,46 Current Liabilities,$,79,$,87],[Interest,$,,,$,,8 Total Long-Term Debt,$,77,$,70],[EBT,$,,71,$,,38 Total Liabilities,$,156,$,157],[Taxes,$,,18,-$,,10 Owner's Equity,-$,146,$,149],[Net Profit,$,,53,$,,28 Total Liabilities and OE,_,302,$,306]]
Refer to the table. The percentage change in fixed assets between 2020 and 2021 was approximately
A)6.25%
B)6.66%
 Income Statement Years Ending 12/31/20 and 12/31/21 Balance Sheet As of

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