Profitability Analysis Kolby Enterprises reports the following information on its income statement: Net sales $230,000 Administrative...

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Profitability Analysis Kolby Enterprises reports the following information on its income statement: Net sales $230,000 Administrative expenses $20,000 Cost of goods sold 150,000 Other income 25,000 Selling expenses 50,000 Other expense 15,000 Required Calculate Kolby's gross profit percentage and return on sales ratio. Kolby is planning to add a new product and expects net sales to be $30,000 and cost of goods to be $25,000. No other income or expenses are expected to change. How will this affect Kolby's gross profit percentage and return on sales ratio? (Round all answers to 1 decimal place.) Gross Profit Percentage Return on Sales IF NEW PRODUCT IS MADE Gross Profit Percentage Return on Sales 0% 0% 0% 0% Profitability Analysis Kolby Enterprises reports the following information on its income statement: Net sales $230,000 Administrative expenses $20,000 Cost of goods sold 150,000 Other income 25,000 Selling expenses 50,000 Other expense 15,000 Required Calculate Kolby's gross profit percentage and return on sales ratio. Kolby is planning to add a new product and expects net sales to be $30,000 and cost of goods to be $25,000. No other income or expenses are expected to change. How will this affect Kolby's gross profit percentage and return on sales ratio? (Round all answers to 1 decimal place.) Gross Profit Percentage Return on Sales IF NEW PRODUCT IS MADE Gross Profit Percentage Return on Sales 0% 0% 0% 0%

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Initial Analysis Gross Profit Percentage Net Sales Cost of Goods Sold Net ... View the full answer