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The Haines Corporation shows the following financial data for 20X1 and 20X2: 20X2 $ 3,830,000 2,470,000 $ 1,360,000 283,000 $ 1,077,000 53,600 $ 1,023,400 358,190

The Haines Corporation shows the following financial data for 20X1 and 20X2: 20X2 $ 3,830,000 2,470,000 $ 1,360,000 283,000 $ 1,077,000 53,600 $ 1,023,400 358,190 $ 665,210 Sales Cost of goods sold Gross profit Selling & administrative expense Operating profit Interest expense Income before taxes Taxes (35%) Income after taxes 20X1 $ 2,950,000 2,230,000 $ 720,000 260,000 $ 460,000 43,200 $ 416,800 145,880 $ 270,920 For each year, compute the following ratios and indicate how the change in each ratio will affect profitability in 20X2. Note: Input your answers as a percent rounded to 2 decimal places. a. Cost of goods sold to sales b. Selling and administrative expense to sales c. Interest expense to sales 20X1 % % % 20X2 % % % Profitability
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The Haines Corporation shows the following financial data for 201 and 202. For each year, compute the following ratios and indicate how the change in each ratio will affect profitability in 202. Note: Input your answers as a percent rounded to 2 decimal places

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