2. For every $1.00 spent on Advertising, the Industry generates $10.00 in Net Sales. You calculate Living Earth's Advertising relationship to Net Sales (show work) and report your comparison of Living Earth to the Industry S 2013 57,823 41,049 16,774 COMPANY DATA 2013 2014 100.0% S 62,823 71.0% S 37,694 29.0% $ 25.129 2014 100% 6096 40% INDUSTRY INDUSTRY 2013 2014 10096 100% 40% 3596 3096 S 1 Living Earth, LLC. 2 Case Challenge 3 This do-over offer is for anyone interests. 4 Review grading rubric=) 5 6 7 Not sales 8 Cost of goods sold 9 Gross profit Advertising/Overhead Expenses 10 (Advertising is 30% of Overhead) 11 Operating profits 12 Interest expense 13 Interest income 14 Profits before tax 15 Income taxes 16 Net profits 17 18 S 15,906 25% 15% 10% 13,906 24.0% S 2,868 1,071 20 S 1.817 754 $ 1,063 5.096 S 1.99 $ 0.0% S 3.1% 1.3% S 1.8% S 9.223 2,029 50 7.244 1.222 6,022 15% 3% 0% 12% 2% 10% 5% 19