Dulaney's Stores has posted the following yearly eamings and expenses Click the icon to view the yearly data a. Dulaney's current profit margin is. Enter your response rounded to one decimal place) (Enter your response rounded to one decimal place) Dulaney's current yearly ROA is b. Suppose COGS and merchandise inventory were each cut by 5% The new pretax profit margin is. (Enter your response rounded to one decimal place) The new ROA is. (Enter your response rounded to one decimal place) e. Based on the current profit margin in part a Dulaney would have to generate in additional sales in order t have the same effect on pretax eamengs as 5% decreasin merchandise costs. (Enter your response rounded to the nearest dollar) More Info Earnings and Expenses (Year Ending January 2012) $53,000,000 $33,000,000 $4,505,000 Sales Cost of goods sold (COGS) Pretax earnings Selected Balance Sheet Items Merchandise Inventory Total assets Done $2,252,500 $7,000,000 X

Dulaney's Stores has posted the following yearly eamings and expenses Click the icon to view the yearly data a. Dulaney's current profit margin is. Enter your response rounded to one decimal place) (Enter your response rounded to one decimal place) Dulaney's current yearly ROA is b. Suppose COGS and merchandise inventory were each cut by 5% The new pretax profit margin is. (Enter your response rounded to one decimal place) The new ROA is. (Enter your response rounded to one decimal place) e. Based on the current profit margin in part a Dulaney would have to generate in additional sales in order t have the same effect on pretax eamengs as 5% decreasin merchandise costs. (Enter your response rounded to the nearest dollar) More Info Earnings and Expenses (Year Ending January 2012) $53,000,000 $33,000,000 $4,505,000 Sales Cost of goods sold (COGS) Pretax earnings Selected Balance Sheet Items Merchandise Inventory Total assets Done $2,252,500 $7,000,000 X

Excel Applications for Accounting Principles

4th Edition

ISBN:9781111581565

Author:Gaylord N. Smith

Publisher:Gaylord N. Smith

Chapter22: Master Budget (master)

Section: Chapter Questions

Problem 1R: Ranger Industries has provided the following information at June 30: Other information: Average...

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