Question: please show work in excel SM.63 A small company has $4,750,000 in (annual) revenue, spends 41% of its revenues on purchases, and has a net

please show work in excel
SM.63 A small company has $4,750,000 in (annual) revenue, spends 41% of its revenues on purchases, and has a net profit margin of 15%. They would like to increase their profits and they are looking at focusing in one of two directions. First, they think they can save 1.85% on their purchase expenses. Or second, they can focus on increasing sales. By how many dollars would they have to increase sales in order to equal a 1.85% savings to purchasing expenses? (Display your answer as a whole number.)Step by Step Solution
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