Solution-Calculate profit as a percent of sales in the

Calculate profit as a percent of sales in the prior year

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Reference no: EM13938267

Refer to the data in Exercise 4-16 (Round all decimal answers to 4 places and all dollar answers to the nearest dollar.)
In Exercise 4-16, Wilde Home & Garden is organized into three departments. The following sales and cost data are available for the prior year:

1378_259-B-M-A-C-V-P (1252).png

Required:

a. Calculate profit as a percent of sales in the prior year.

b. Suppose sales in the current year increase by 15 percent. Calculate profit as a percent of sales for the new level of sales and explain why the percent is greater than the one calculated in part a.

Reference no: EM13938267

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Calculate profit as a percent of sales in the prior year

Reference no: EM13938267

Reference no: EM13938267

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