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22. Consider a company that produces stove burners. One of its core raw materials is the coil, which is sourced from a supplier who holds
22. Consider a company that produces stove burners. One of its core raw materials is the coil, which is sourced from a supplier who holds a patent on the coil. Last year, the company purchased 2,600 coils at a price of $2 per coil from this supplier. The stove burner sales were at $560,000 last year, (a) [6 PTS] Fill out the following table. Round your responses to two decimal places. Stove burner Sales ($) Coil Purchases in the Number of Units Coil Purchases in Dollars Sales Dollar per Unit of Coil Sales Dollar per $1 of Coil Percentage of Sales ($) Committed to Coil Purchases ($) | (b) 1 PT] Do you think that the price of the coil takes a significant proportion of the price of the stove burner? Answer yes or no
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