If all companies in the industry will experience an inflation rate of 4.02% on the cost...
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If all companies in the industry will experience an inflation rate of 4.02% on the cost of goods sold and sales volume is expected to shrink 5.12%, what is the expected percent change in cost of goods sold on the income statement? (Enter your answer as a number with two decimal places but without the percent symbol. For example, if your answer is 89.12%, enter 89.12) Type your answer... If all companies in the industry will experience an inflation rate of 4.02% on the cost of goods sold and sales volume is expected to shrink 5.12%, what is the expected percent change in cost of goods sold on the income statement? (Enter your answer as a number with two decimal places but without the percent symbol. For example, if your answer is 89.12%, enter 89.12) Type your answer...
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