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For the Spring 2017 season, Julie, a dress buyer, had planned an operating profit of 5% for the dress department. At the end of the
For the Spring 2017 season, Julie, a dress buyer, had planned an operating profit of 5% for the dress department. At the end of the season, she obtained sales and operation results from the accounting department and found that the dress department actually produced only a 2.5% profit which amounted to $5,500. She also learned that operating expenses of her department were at 47%. In order to better understand the department's profit structure and identify problematic areas of operations, she now wants to create a complete P/L skeleton for her department's Spring 2017 operations. + $ % NS COGS GM OE P/L
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