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4. For every $1.00 received from Operating Profits, the Industry generates $10.00 in Net Sales. You calculate Living Earth's Operating Profits relationship to Net Sales
4. For every $1.00 received from Operating Profits, the Industry generates $10.00 in Net Sales. You calculate Living Earth's Operating Profits relationship to Net Sales (show work) and report your comparison of Living Earth to the Industry. 1 Living Earth, LLC. 2 Case Challenge 3 This do-over offer is for anyone interests. 4 Review grading rubric=) S 6 2013 7 Net sales $ 57.823 COMPANY DATA 2013 100.0% $ 62,823 INDUSTRY INDUSTRY 2014 2014 2013 2014 100% 100% 100% 8 Cost of goods sold 41,049 71.0% $ 37,694 60% 40% 35% 9 Gross profit $ 16,774 29.0% $ 25,129 40% 30% Advertising/Overhead Expenses 13,906 24.0% $ 15,906 25% 15% 10 (Advertising is 30% of Overhead) 11 Operating profits $ 2,868 5.0% $ 9,223 15% 10% 12 Interest expense 1,071 1.9% $ 2,029 3% 13 Interest income 14 Profits before tax 15 Income taxes 16 Net profits 17 18 20 0.0% $ 50 0% $ 1,817 3.1% S 7,244 12% 754 1.3% $ 1.222 2% $ 1,063 1.8% $ 6,022 10% 596
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