Question
In company A, material cost accounts for 75% of the $10 million annual revenue. The profit margin of the firm is 5%. If the firm
In company A, material cost accounts for 75% of the $10 million annual revenue. The profit margin of the firm is 5%. If the firm could reduce its material cost by 10%,
(1) The new profit margin is ?
(2) To generate the same level of profit increase, the additional sales are ?
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Financial Markets And Corporate Strategy
Authors: David Hillier , Mark Grinblatt , Sheridan Titman
2nd Edition
0077129423,0077141350
