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For the base case in this section, as a percentage of sales, cogs=71 percent, sga=16, r&d=2.4 percent. depreciation interest expense are fixed as stated. tax
For the base case in this section, as a percentage of sales, cogs=71 percent, sga=16, r&d=2.4 percent. depreciation interest expense are fixed as stated. tax rate is 20 percent. given the following case, calculate the independent effects of a 1 percent increase in gross margin, a 1 percent decrease in the tax rate, and a 5 percent increase in sales
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