Refer to the following mentioned data. (In millions) 2014 2013 2012 Net revenues $ 8,268 $ 8,052 $7,175 Cost of products sold 5,370 5,140 4,365 Gross margin $2,898 $2,912 $2,810 a. Calculate the gross profit ratio for each of the past three years. b. Assume that Campbell s net sales for the first four months of 2015 totaled $2.7 billion. Calculate an estimated cost of goods sold and gross profit for the four months, using the gross profit ratio for 2014.

Refer to the following mentioned data. (In millions) 2014 2013 2012 Net revenues $ 8,268 $ 8,052 $7,175 Cost of products sold 5,370 5,140 4,365 Gross margin $2,898 $2,912 $2,810 a. Calculate the gross profit ratio for each of the past three years. b. Assume that Campbell s net sales for the first four months of 2015 totaled $2.7 billion. Calculate an estimated cost of goods sold and gross profit for the four months, using the gross profit ratio for 2014.

Managerial Accounting: The Cornerstone of Business Decision-Making

7th Edition

ISBN:9781337115773

Author:Maryanne M. Mowen, Don R. Hansen, Dan L. Heitger

Publisher:Maryanne M. Mowen, Don R. Hansen, Dan L. Heitger

Chapter15: Financial Statement Analysis

Section: Chapter Questions

Problem 51E: Juroe Company provided the following income statement for last year: Juroes balance sheet as of...

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