Solution-Cost of goods sold percentage

Cost of goods sold percentage

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Reference no: EM131041401

McKinnon Inc. reports in its 2013 annual report, sales of $2,045 million and cost of goods sold of $818 million. For next year, you project that sales will grow by 5% and that cost of goods sold percentage will be 2 percentage points higher.

Projected cost of goods sold for 2014 will be:

Select one:

A. $834 million

B. $902 million

C. $859 million

D. $861 million

E. There is not enough information to determine the amount.

Reference no: EM131041401

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Cost of goods sold percentage : McKinnon Inc. reports in its 2013 annual report, sales of $2,045 million and cost of goods sold of $818 million. For next year, you project that sales will grow by 5% and that cost of goods sold percentage will be 2 percentage points higher.

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Cost of goods sold percentage

Reference no: EM131041401

Reference no: EM131041401

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