Reference no: EM13934578
The growing Internet retailer "Nile" corporation has shown impressive growth in sales over the past several years, with sales this past year at $220 million.
If the company has a net profit margin of 1.5%, what would its net profit be? $____ million (Round your answer to two decimal places.)
If in the next year the company achieves its revenue growth target of 4%, what would its total revenue be? $___ million (Round your answer to two decimal places.)
If in the next year the company achieves its revenue growth target of 4%, and assuming its profit margin remained unchanged at 1.5%, what would its total profit be for next year? $___ million (Round your answer to three decimal places.)
The new total revenue for next year (answered in two questions back) represents an increase to revenue of $___ million (Round your answer to two decimal places.)
The increase in total revenue (answered in the previous question) would increase profit by $___ million (Round your answer to four decimal places.)
Using the original revenue number of $220 million, if the company spends 67% of its revenue on purchases, what would be its purchasing expense? $____ million (Round your answer to two decimal places.)
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Impressive growth in sales over the past several years
: The growing Internet retailer "Nile" corporation has shown impressive growth in sales over the past several years, with sales this past year at $220 million. If the company has a net profit margin of 1.5%, what would its net profit be? $____ million.
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