Question: I need help with the below as well Using the same case, calculate the independent effects of a 2 percent increase in Gross Margin, a

I need help with the below as well

I need help with the below as well Using the same
Using the same case, calculate the independent effects of a 2 percent increase in Gross Margin, a 2 percent decrease in the Tax Rate, and a 5 percent decrease in Sales. Colossal Chemical Corporation Year Ended December 31, 2021 ($000,000 omitted) Base 2% Increase in Gross Margin 2% Decrease in Tax Rate 5% Decrease in Sales Case Sales $ 2,110 $ $ Cost of goods sold 1,435 Selling, general, and administrative 274 expense Depreciation 160 Research and 42 development Total costs and $ 1,911 $ expenses Operating Income 199 Interest expense 39 Earnings before $ 160 Income Taxes Provision for Income 30 Taxes Net Income $ 130 $ $ $ Save for Later Attempts: 0 of 2 used Submit Answer Question Part Score --/20

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