Assume sales volume for the company is expected to shrink 7.65% while their average price per unit is expected to rise 2.05% and all companies in the industry will experience an inflation rate of 6.33% on cost of goods sold. If cost of goods sold for the company was originally 46.64% of sales, what percent of sales will it become as a result of these factors? (Enter your answer a number with two decimal places but without the percent symbol. For example, if your answer is 89.12%, enter 89.12) Type your answer...
Assume sales volume for the company is expected to shrink 7.65% while their average price per unit is expected to rise 2.05% and all companies in the industry will experience an inflation rate of 6.33% on cost of goods sold. If cost of goods sold for the company was originally 46.64% of sales, what percent of sales will it become as a result of these factors? (Enter your answer a number with two decimal places but without the percent symbol. For example, if your answer is 89.12%, enter 89.12) Type your answer...
Intermediate Financial Management (MindTap Course List)
13th Edition
ISBN:9781337395083
Author:Eugene F. Brigham, Phillip R. Daves
Publisher:Eugene F. Brigham, Phillip R. Daves
Chapter22: Providing And Obtaining Credit
Section: Chapter Questions
Problem 2MC
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