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The Haines Corporation shows the following financial data for 20X1 and 20X2: 20X2 $ 3,800,000 2,230,000 $ 1,570,000 269,000 $ 1,301,000 54,400 $ 1,246,600 436,310

The Haines Corporation shows the following financial data for 20X1 and 20X2: 20X2 $ 3,800,000 2,230,000 $ 1,570,000 269,000 $ 1,301,000 54,400 $ 1,246,600 436,310 $ 810,290 Sales Cost of goods sold Gross profit Selling & administrative expense Operating profit Interest expense Income before taxes Taxes (35%) Income after taxes 20X1 $ 2,990,000 2,440,000 $ 550,000 286,000 $ 264,000 48,900 $ 215,100 75,285 $ 139,815 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 os a percent rounded to 2 decimal places

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