All else constant, what would Baldwin's SG&A/Sales ratio be if the company had spent an additional $1,500,000 for Baker's promotional budget and $750,000 for Baker's sales budget?

CURRENT SGA (R&D, Promo, Sales, Admin) = $15, 863

a.)19.3%

b.)8.0%

c.)11.1%

d.)10.6%

PLEASE SEE BALDWIN INFO ON NUMBERS BELOW IN SECOND COLUMN.THEN SELECT THE CORRECT ABOVE ANSWER.

Selected Financial Statistics Andrews Baldwin Chester Digby ROS -17.1% 2.1% 3.3% 18 4% Asset Turnover 0.45 0.67 0.81 1.38 ROA -7.7% 1.4% 2.7% 25.4% Leverage (Assets/Equity) -117.7 2.5 2.3 1.7 ROE -911.0% 3.6% 6.2% 42.4% Emergency Loan $76,982,827 50 Sales $71.708.719 $171.173.323 $221.812.646 $306,840.272 EBIT $6,533.983 $24.989.325 $30. 185,667 $97.294.351 Profits ($12.229,998 $3,627,898 $7.405.607 $56,391.950 Cumulative Profit (375.190,289 $17.735.137 $26.599.320 $131.309.839 SG&A / Sales 15.1% 9.3% 9.7% 4.9% Contribargin % 45.3% 38.1% 34.5% 42.6% Percent of Sales $ Market Share 100% Profit 90% Other 80% W SGA 70% O Depr 60% 1 Var Costs 50% 40% 30% 20% Andrews 19.29 98 10% 0% Baldwin 22.19 % 10% 1 Chester 38. 75 9% Andrews Baldwin Chester Digby Digby 39.77 36