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The Haines Corp, shows the following financial data for 20X1 and 20x2: Sales Cost of goods sold Gross profit Selling & administrative expense Operating profit

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The Haines Corp, shows the following financial data for 20X1 and 20x2: Sales Cost of goods sold Gross profit Selling & administrative expense Operating profit Interest expense Income before taxes Taxes (35%) Income after taxes 2exi $ 2,990,000 2,448, eee $ 550,000 286,000 $ 264,000 48,900 $ 215, 100 75,285 $ 139,815 2ex2 $ 3,800,000 2,230,000 $1,570,000 269,000 $ 1,301.000 54,400 $ 1,246,600 436,310 $ 810,290 For each year, compute the following ratios and indicate how the change in each ratio will affect profitability in 20x2. (Input your answers as a percent rounded to 2 decimal places.) 20X1 20X2 Profitability % a. Cost of goods sold to sales b. Selling and administrative exponse to sales c. Interest expense to sales % % % %

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