Homework Help is Here – Start Your Trial Now!
Business
Accounting
Based on the following data below: In 2019: Total Sales= 1.5 billion with the Motor Category representing 18% of total sales Projected 2029: Total Sales= 3.75 billion with the Motor Catgory representing 24% of total sales What is the ratio of the revenue of sale in the Motors Category in 2019 to the projected revenue of sales in Motors in 2029? The answer is 3:10, however I am not sure how that is concluded. Thanks!

Based on the following data below: In 2019: Total Sales= 1.5 billion with the Motor Category representing 18% of total sales Projected 2029: Total Sales= 3.75 billion with the Motor Catgory representing 24% of total sales What is the ratio of the revenue of sale in the Motors Category in 2019 to the projected revenue of sales in Motors in 2029? The answer is 3:10, however I am not sure how that is concluded. Thanks!

FINANCIAL ACCOUNTING
FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
See similar textbooks
icon
Related questions
Question

Based on the following data below:

In 2019: Total Sales= 1.5 billion with the Motor Category representing 18% of total sales

Projected 2029: Total Sales= 3.75 billion with the Motor Catgory representing 24% of total sales

What is the ratio of the revenue of sale in the Motors Category in 2019 to the projected revenue of sales in Motors in 2029?

The answer is 3:10, however I am not sure how that is concluded. Thanks!

1) Based on the following data, what is the ratio of the revenue of sales in the Motors category in 2019 to the projected revenue of sales in Motors in 2029? Sporting Goods, 8% Collectibles, 9% Sporting Goods, 1% Collectibles, Electronics, Home & 24% %6 Garden, 6% Electronics, 30% Home & Garden Toys, 10% 11% Toys, 11% Fashion, 19% Motors, 24% Motors, Fashion, 20% 18% Total Sales: 1.5 billion Total Sales: 3.75 billion 2019 2029 (Projected)
Transcribed Image Text:1) Based on the following data, what is the ratio of the revenue of sales in the Motors category in 2019 to the projected revenue of sales in Motors in 2029? Sporting Goods, 8% Collectibles, 9% Sporting Goods, 1% Collectibles, Electronics, Home & 24% %6 Garden, 6% Electronics, 30% Home & Garden Toys, 10% 11% Toys, 11% Fashion, 19% Motors, 24% Motors, Fashion, 20% 18% Total Sales: 1.5 billion Total Sales: 3.75 billion 2019 2029 (Projected)
Expert Solution
trending now

Trending now

This is a popular solution!

steps

Step by step

Solved in 2 steps

SEE SOLUTIONCheck out a sample Q&A here
Blurred answer
Knowledge Booster
Forecasting Financial Statement
Learn more about
Need a deep-dive on the concept behind this application? Look no further. Learn more about this topic, accounting and related others by exploring similar questions and additional content below.
Similar questions
Recommended textbooks for you
FINANCIAL ACCOUNTING
FINANCIAL ACCOUNTING
Accounting
ISBN:
9781259964947
Author:
Libby
Publisher:
MCG
Accounting
Accounting
Accounting
ISBN:
9781337272094
Author:
WARREN, Carl S., Reeve, James M., Duchac, Jonathan E.
Publisher:
Cengage Learning,
Accounting Information Systems
Accounting Information Systems
Accounting
ISBN:
9781337619202
Author:
Hall, James A.
Publisher:
Cengage Learning,
Horngren's Cost Accounting: A Managerial Emphasis…
Horngren's Cost Accounting: A Managerial Emphasis…
Accounting
ISBN:
9780134475585
Author:
Srikant M. Datar, Madhav V. Rajan
Publisher:
PEARSON
Intermediate Accounting
Intermediate Accounting
Accounting
ISBN:
9781259722660
Author:
J. David Spiceland, Mark W. Nelson, Wayne M Thomas
Publisher:
McGraw-Hill Education
Financial and Managerial Accounting
Financial and Managerial Accounting
Accounting
ISBN:
9781259726705
Author:
John J Wild, Ken W. Shaw, Barbara Chiappetta Fundamental Accounting Principles
Publisher:
McGraw-Hill Education
SEE MORE TEXTBOOKS