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

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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