2024 Income Statement Product Name Bid Bold Brat Bat Na Na Na Na Total Common Size Sales $28,624 $28,998 $50,814 $53,573 $0 SO $0 $0 $ 162,010 100% $2,940 $3,099 $10,297 $9,514 SO SO SO $0 $25,849 16% Variable Costs: Direct Labor Direct Material Inventory Carry $12,651 $13183 $19,930 $20,655 SO $0 $0 $0 $66,418 41% $177 $196 $395 $442 $0 SO $0 SO $1,210 0.7% Total Variable $15,767 $16.478 $30,622 $30,610 $0 $0 SO $0 $93,478 57.7% $12,857 $12,520 $20,192 $22.963 SO SO $0 $0 $68,532 42.3% Contribution Margin Period Costs: Depreciation R&D $4,600 $5,367 $3,040 $3,673 SO $0 SO $0 $16.680 10.3% $446 $446 $966 SO SO SO $0 $2,824 1.7% 8966 $1,300 Promotions $1,300 $1,300 $0 $0 SO $5,200 3.296 $1,300 $1,600 Sales $1,600 $1,400 $1,400 SO SO 50 $6.000 3.7% Admin $312 $316 5554 $584 50 $0 50 50 1.196 $1,766 $32,469 Total Period $8.258 $9,028 57,260 $7.923 SO SO SO 20N Net Margin 54 599 $3.491 $12.032 $15,040 $0 30 50 50 336.063 223% Other $4.733 2.9 Definitions: Sales: Unit sales timestist price Direct Labor All else constant, what would Baldwin's SG&A/Sales ratio be if the company had spent an additional $1,500,000 for Bold's promotional budget and $750,000 for Bold's sales budget? Select 1 9.7%