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Sales in 2020 $50M, 2021 $55M, 2022 $60M; COGS $30M, $32M, $34M respectively; SG&A $10M, $13M, $16M; Operating Expenses $7M, $8M, $9M ICalculate Operating Margin and Operating Profit for each year IICalculate Gross Margin and Gross Profit for each year IIIDescribe how well the company is doing in 2022 compared to 2020. Give a few possible reasons for these changes using inferences from JUST the information in the question (not COVID or other external issues)..

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Sales in 2020 $50M, 2021 $55M, 2022 $60M; COGS $30M, $32M, $34M respectively; SG&A $10M, $13M, $16M; Operating Expenses $7M, $8M, $9M ICalculate Operating Margin and Operating Profit for each year IICalculate Gross Margin and Gross Profit for each year IIIDescribe how well the company is doing in 2022 compared to 2020. Give a few possible reasons for these changes using inferences from JUST the information in the question (not COVID or other external issues).

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