1. Global supermarket chain Carrefour is likely to be confronted with 5% inflation in its cost of goods sold. Two analysts have their own expectations about how the company will react. Table 1 shows Carrefour's 2011 results and Table 2 shows the two analysts' estimates of input prices, and pricing. What are each analyst's predictions for gross profit and gross margin? Table 1 2011 Sales 81,271 Cost of goods sold 64,912 Gross profit 16,359 Gross margin 20.1% Table 2 Analyst A Analyst B Total revenue growth 8% -2.4% Input costs increase 5% 5%