Do Question 3 Only (3.1, 3.2, 3.3) Thank you

Denzel Shirts achieved sales revenues of $10 million. The company incurred marketing expenses totalling $2 million. Cost of goods sold represented 60% of sales. The company also incurred other fixed overhead of $1.5 million. Denzel pays no taxes. 1.1 What is Denzel's net marketing contribution in dollars? 1.2 What is the company's marketing return on sales? 1.3 If the company has average inventory of $1.5 million, what is the company's Inventory turnover ratio? 1.4 What is the company's net margin in %? 1.5 What is the total sales revenues required for the company to make $2 million in net profits? David Bullet-proof Socks operates in the Etown area, trading in a radius of 5 miles. The area has a population density of 6,000 per square mile. Most of the inhabitants do not wear socks, and only about 10% of the population wear bullet-proof socks. Moreover, because of the high price that David charges, 75% of the potential market would not be willing to pay such high prices. Those who do, however, will likely buy 2 pairs a month forever. 2.1 How many pairs of socks do you expect David to sell each year? 2.2 If David's socks are priced are $50 a pair, and David has a 30% markup on cost, how many pairs of socks does David have to sell each year to cover the company's $300,000 in fixed costs? Iron Butterfly Company earned a ROI of 15% last year. The company had sales of $1.6 million, and fixed costs of $300,000, of which $80,000 were marketing competitors, the company earned a 25% markup. 3.1 What was the company's total investment? 3.2 What was the company's Marketing ROI? 3.3 If the company's ROI was 20% instead and investment stays the same as in 3.1, what was its net profits