Question: Use the following financial data to answer the question below: table [ [ Income Statement, 2 0 1 8 , 2 0 1 9

Use the following financial data to answer the question below:
\table[[Income Statement,2018,2019,2020,2021,2022],[Sales,420000,470000,564200,586200,588400],[Cost of Goods Sold,231000,234000,275200,308700,324200],[Gross Profit,189000,236000,289000,277500,264200],[\table[[Selling, General & Admin.],[Exp (SG&A)]],42000,54000,58200,60600,63000],[epreciation Exp,21000,25000,31200,29500,2700],[\table[[Earnings Before Interest],[& Taxes (EBIT)]],126000,157000,199600,187400,168500],[Interest Exp,16800,21600,25800,24800,23800],[Earnings Before Taxes,109200,400,173800,162600,00],[ome Tax Expense,,,,,Or],[m,,,00,,]]
Net profit margin increased each year.
True
False
Use the following financial data to answer the question below: \table[[Income

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