2. Suppose that sales are 16% higher as shown below:

a) What is the gross margin now?

(b) What is the net operating income now?

(c) What is the contribution margin now?

d) When sales increase by 16%, which of the following should also increase by 16% in a merchandising company? (You may select more than one answer. Single click the box with the question mark to produce a check mark for a correct answer and double click the box with the question mark to empty the box for a wrong answer. Any boxes left with a question mark will be automatically graded as incorrect.)

e) When sales increase by 16%, which of the following should increase by more than 16% in a merchandising company? (You may select more than one answer. Single click the box with the question mark to produce a check mark for a correct answer and double click the box with the question mark to empty the box for a wrong answer. Any boxes left with a question mark will be automatically graded as incorrect.)

! Required information 2. Suppose that sales are 16% higher as shown below: B A Chapter 1: Applying Excel 1 2 3 Data 4 Sales $ 100,920 5 Variable costs: 6 $ Cost of goods sold Variable selling Variable administrative 50,460 5,046 7 8 $ $ 4,814 9 Fixed costs: 10 Fixed selling $ 2,500 1,500 11 Fixed administrative $ Enter this new data into your worksheet. Make sure you enter all of the new data - not just the sales. (a) What is the gross margin now? Gross margin $ 0: Enter this new data into your worksheet. Make sure you enter all of the new data - not just the sales. (a) What is the gross margin now? Gross margin $ 0 (b) What is the net operating income now? Net operating income $ 0 (c) What is the contribution margin now? Contribution margin $ 0: Id when calacinoranca hu 160/ which of the followina chould also incroncnhu 100/ in a marchandisin (d) When sales increase by 16%, which of the following should also increase by 16% in a merchandising company? (You may select more than one answer. Single click the box with the question mark to produce a check mark for a correct answer and double click the box with the question mark to empty the box for a wrong answer. Any boxes left with a question mark will be automatically graded as incorrect.) Variable cost Fixed cost Gross margin Contribution margin Net operating income (e) When sales increase by 16%, which of the following should increase by more than 16% in a merchandising company? (You may select more than one answer. Single click the box with the question mark to produce a check mark for a correct answer and double click the box with the question mark to empty the box for a wrong answer. Any boxes left with a question mark will be automatically graded as incorrect.) Variable cost Fixed cost Gross margin Contribution margin Net operating income