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Suppose a percentage of sales model forecasts that sales will grow by 20% next year. If costs of goods sold (COGS) are proportionate at 70%
Suppose a percentage of sales model forecasts that sales will grow by 20% next year. If costs of goods sold (COGS) are proportionate at 70% of sales, then COGS will ___ next year.
Question 3 options:
| grow by 70% |
| grow by 20% |
| not change |
| grow to 90% of sales |
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