Question: please help me answer this question 6. In an effort to increase sales, Marvin's Market has decided to increase its 2018 advertising expenses by 20%.

please help me answer this question
 please help me answer this question 6. In an effort to

6. In an effort to increase sales, Marvin's Market has decided to increase its 2018 advertising expenses by 20%. According to Marvin's projections, this will lead to a 12% increase in gross revenue, a 10% increase in returns, an 8% increase in cost of goods sold, and 10% increases in overhead expenses and inventory losses. Given these assumptions and Marvin's 2017 profit and loss statement: a. Prepare a projected 2018 profit and loss statement. b. Calculate gross margin, operating margin, and net margin for 2017 and 2018. c. Should Marvin increase his advertising budget

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