ABC Corp has the following data in year 2020: Sales 400,000; Variable cost 300,000 and Net loss 50,000? If the company wants to have a profit ratio of 10% of sales in year 2021, how much is the additional sale needed by ABC Corp to meet the target profit ratio?

Answer rating: 100% (QA)

Answer Target Sales means how much sales you want to achieve in future year A sales targe... View the full answer