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Given below is the skeletal P&L statement for Kids shoe retailer- Tiny Feet' for 2018 Net Sales Total Cost of Goods Sold Gross Margin Op
Given below is the skeletal P&L statement for Kids shoe retailer- Tiny Feet' for 2018 Net Sales Total Cost of Goods Sold Gross Margin Op Exp Op Profit 460,400.00 218,950.00 241,450.00 153,000.00 88,450.00 100% 47.56% 52.44% 33.23% 19.21% If Tiny Feet decides to increase retail prices by 4% for 2019, keeping units sold and operaing expenses constant. What will be the increase in profit % between 2018 and 2019 with this strategy? If Tiny Feet decides to decrease operating expenses by 10% for 2019, sales and cost of goods sold constant. What will be the increase in profit % between 2018 and 2019 with this strategy
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