Question: please help with this one the last answer I was given was 19.63% it was wrong, can someone correct it? Dulaney's Stores has posted the

please help with this one the last answer I was given was 19.63% it was wrong, can someone correct it?

please help with this one the last answer I was

Dulaney's Stores has posted the following yearly earnings and expenses. Click the icon to view the yearly data. a. Dulaney's current profit margin is 11.3 %. (Enter your response rounded to one decimal place.) Dulaney's current yearly ROA is 75.7 %. (Enter your response rounded to one decimal place.) b. Suppose COGS and merchandise inventory were each cut by 20%. The new pretax profit margin is 19.63 %. (Enter your response rounded to one decimal place.) X More Info Earnings and Expenses (Year Ending January 2012) Sales $67,000,000 Cost of goods sold (COGS) $62,000,000 Pretax earnings $7,571,000 Selected Balance Sheet Items Merchandise Inventory $3,785,500 Total assets $10,000,000 Done

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