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...
Chapter4A: Nopat Breakeven: Revenues Needed To Cover Total Operating Costs
Section: Chapter Questions
Problem 1EP
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