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MBi incorporated had sales of 545 million for fiscal 2022 . The company's gross profit ratio for that year was 2035 Aequired: a. Calculate the
MBi incorporated had sales of 545 million for fiscal 2022 . The company's gross profit ratio for that year was 2035 Aequired: a. Calculate the gross profit and cost of goods sold for MBl for fiscal 2022. b. Assume that a new product is developed and that it will cost $490 to manufacture. Calculate the selling price that must be set for this new product if its gross proft ratio is to be the same as the average achicved for all products for fiscal 2022 c. From a management viewpoint, it could use the estimated seling price as a "larget" in conducting marketing researeh studies to assess its ultimate prospects for success at this price. Complete this question by entering your answers in the tabs below. Calculate the gross profit and cost of goods sold for MBI for fiscal 2022. Gaiculate the gross profit and cost of goods scid fo Mar for fiscai 2022. 5,500,000 shauld be entered as 5.50 )
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