Sales in 2020 $50M, 2021 $55M, 2022 $60M; COGS $30M, $32M, $34M respectively; SG&A $10M, $13M, $16M;
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Question:
- Calculate Operating Margin and Operating Profit for each year.
- Calculate Gross Margin and Gross Profit for each year.
- Describe how well the company is doing in 2022 compared to 2020. Give a few possible reasons for these changes using inferences from JUST the information in the question.
Related Book For
Frank Woods Business Accounting Volume 2
ISBN: 9780273693109
10th Edition
Authors: Frank Wood, Alan Sangster
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