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Fat Tire Automobile Company reported sales of $ 8 0 5 , 0 2 5 . 0 0 in 2 0 2 3 . The
Fat Tire Automobile Company reported sales of $ in The company is not happy with this figure and decides to hire a marketing agency to create advertisements for $ The marketing agency promises that sales will grow by in Fat Tire expects cost of goods to remain at of sales, and depreciation expense will remain at $ Selling and administrative expense was $ in The cost of the marketing agency will be added to this expense for
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What is the minimum growth rate in sales to make the marketing agency investment worthwhile?
Answer format: Percentage Round to: decimal places Example: sign required. Will accept decimal format rounded to decimal places ex:
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