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!
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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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!
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)
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