Question

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:


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 parta.


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  • CreatedSeptember 18, 2013
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