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

Annual Report	Baldwin	C59559	Round: 4 Dec. 31, 2020

2020 Income Statement

(Product Name:)	Bid	Bold	Brat	Bat	Na	Na	Na	Na	2020 Total	Common Size
Sales	$27,796	$28,072	$41,406	$43,655	$0	$0	$0	$0	$140,930	100.0%
Variable Costs:
Direct Labor	$2,980	$2,871	$8,208	$7,522	$0	$0	$0	$0	$21,581	15.3%
Direct Material	$12,335	$12,740	$16,202	$16,820	$0	$0	$0	$0	$58,098	41.2%
Inventory Carry	$156	$169	$493	$577	$0	$0	$0	$0	$1,395	1.0%
Total Variable	$15,470	$15,780	$24,904	$24,919	$0	$0	$0	$0	$81,074	57.5%
Contribution Margin	$12,326	$12,292	$16,503	$18,736	$0	$0	$0	$0	$59,857	42.5%
Period Costs:
Depreciation	$4,293	$4,907	$2,787	$3,420	$0	$0	$0	$0	$15,407	10.9%
SG&A: R&D	$446	$446	$966	$966	$0	$0	$0	$0	$2,824	2.0%
Promotions	$1,300	$1,300	$1,300	$1,300	$0	$0	$0	$0	$5,200	3.7%
Sales	$1,600	$1,600	$1,400	$1,400	$0	$0	$0	$0	$6,000	4.3%
Admin	$251	$253	$374	$394	$0	$0	$0	$0	$1,272	0.9%
Total Period	$7,890	$8,506	$6,826	$7,480	$0	$0	$0	$0	$30,702	21.8%
Net Margin	$4,436	$3,786	$9,676	$11,256	$0	$0	$0	$0	$29,154	20.7%