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The following information is available for MVF Company (dollar amounts are in millions): 2009 2008 2007 2006 Net Sales $23.2 $21.7 $19.6 $17.4 Cost of
The following information is available for MVF Company (dollar amounts are in millions):
| 2009 | 2008 | 2007 | 2006 |
Net Sales | $23.2 | $21.7 | $19.6 | $17.4 |
Cost of goods sold | 17.1 | 16.8 | 15.2 | 13.5 |
Beginning finished goods inventory | 2.3 | 2.1 | 1.9 | 1.5 |
Ending Finished goods inventory | 2.9 | 2.3 | 2.1 | 1.9 |
Materials purchased | 10.6 | 8.8 | 7.5 | 7.1 |
Calculate the 2009 Cost of materials purchased to cost of finished goods inventory
(for example enter 20 as 20 percent)
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