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McKinnon reports in its 2011 annual report 10-K, sales of $2,045 million and cost of goods sold of $818 million. For next year, you project
McKinnon reports in its 2011 annual report 10-K, sales of $2,045 million and cost of goods sold of $818 million. For next year, you project that sales will grow by 5% and that cost of goods sold percentage will be 2 percentage points higher. Projected cost of goods sold for 2014 will be:
a) 859 million
b) $861 million
c) There's not enough info to determine amount
d) 902 million
e) 834 million
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