Piaggio, Polaris, and Arctic Cat are competitors in the global marketplace. Selected data for Piaggio follow.

Required
1. Review the discussion of the importance of the cost of goods sold divided by total expenses ratio in BTN 20-2. Compute the cost of goods sold to total expenses ratio for Piaggio for the two years of data provided. (Record answers as percents, rounded to one decimal.)
2. Comment on the similarities or differences in the ratio results calculated in part 1 and in BTN 20-2 across years and companies. (Record answers as percents, rounded to onedecimal.)

Transcribed Image Text:

(millions of euros) CurrentYearPrior Year Cost of goods sold... Operating expenses Total expenses 1,061.9 1.023. 349.1 351.2 1,4110 1,374.3