I'm having an incredibly difficult time trying to find out how they solved the weighted profit margin. May I have help?
I'm having an incredibly difficult time trying to find out how they solved the weighted profit margin. May I have help?
Intermediate Accounting: Reporting And Analysis
3rd Edition
ISBN:9781337788281
Author:James M. Wahlen, Jefferson P. Jones, Donald Pagach
Publisher:James M. Wahlen, Jefferson P. Jones, Donald Pagach
Chapter5: The Income Statement And The Statement Of Cash Flows
Section: Chapter Questions
Problem 2MC: The following information is available for Cooke Company for the current year: The gross margin is...
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I'm having an incredibly difficult time trying to find out how they solved the weighted profit margin. May I have help?
Transcribed Image Text:Sales and Revenue Breakdown
Product
% of Sales
Sales Price
COGS
Contribution
Profit Margin
Weighted Profit Margin
Party Pooch
45%
$20.00
$10.40
$9.60
48.00%
21.60%
Chicken Cuties
18%
$15.00
$7.80
$7.20
48.00%
8.64%
Bison Bites
5%
$21.00
$10.80
$10.20
48.57%
2.43%
Lamb Lovies
32%
$24.00
$12.60
$11.40
47.50%
15.20%
Total Sales %
Average
Profit Margin
100%
47.87%
(Must equal 100%)
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