Mars Company had net sales of $18 million in the year that just ended. Next year, the

Question:

Mars Company had net sales of $18 million in the year that just ended. Next year, the company's management expects a 15 percent increase in sales. If cost of goods sold is 60 percent of sales and inventory is 25 percent of sales, what would you estimate sales, inventory, and cost of goods sold to be next year?
Fantastic news! We've Found the answer you've been seeking!

Step by Step Answer:

Related Book For  book-img-for-question

Fundamentals of Corporate Finance

ISBN: 978-1118845899

3rd edition

Authors: Robert Parrino, David S. Kidwell, Thomas W. Bates

Question Posted: