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Problem 3-7(Algo) Profitability ratios [LO3-2] The Haines Corporation shows the following financial data...

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Accounting

Problem 3-7(Algo) Profitability ratios [LO3-2]
The Haines Corporation shows the following financial data for 201 and 202 :
\table[[,20\times 1,20\times 2],[Sales,$3,470,000,$3,270,000],[Cost of goods sold,1,800,000,2,670,000],[Gross profit,$1,670,000,$600,000],[Selling & administrative expense,$1,445,000,$325,000],[Operating profit,49,300,45,100],[Interest expense,$1,395,700,$325,900],[Income before taxes,488,495,114,065],[Taxes (35%),$907,205,$211,835],[Income after taxes,,]]
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.
\table[[,20X1,20X2,Profita],[a. Cost of goods sold to sales,,%,,%,],[b. Selling and administrative expense to sales,,%,,%,],[c. Interest expense to sales,,%,,%,]]
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