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The Haines Corporation shows the following financial data for 2 0 X 1 and 2 0 X 2 : 2 0 X 1 2 0
The Haines Corporation shows the following financial data for X and X:
XX
Sales $ $
Cost of goods sold
Gross profit $ $
Selling & administrative expense
Operating profit $ $
Interest expense
Income before taxes $ $
Taxes
Income after taxes $ $
For each year, compute the following ratios and indicate how the change in each ratio will affect profitability in X
Note: Input your answers as a percent rounded to decimal places.
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