Question: Please help me with this question I will give thumbs up Please correct answers thank you so much For 20Y2, Fielder Industries Inc. initiated a
Please help me with this question I will give thumbs up Please correct answers thank you so much


For 20Y2, Fielder Industries Inc. initiated a sales promotion campaign that included the expenditure of an additional $40,000 for advertising. At the end of the year, Leif Grando, the president, is presented with the following condensed comparative income statement: decimal place. For those boxes in which you must enter subtracted or negative numbers use a minus sign. Fielder Industries Inc. 2. The net income as a percent of sales has . All the costs and expenses, other than selling expenses, have maintained their approximate cost as a percent of sales relationship between 20Y1 and 20Y2. Selling expenses as a percent of sales, however, have . Apparently, the new advertising campaign been successful. The increased expense produced sufficient sales to maintain relative profitability. Thus, selling expenses as a percent of sales have
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