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Use Exhibit 5.1 and assume the 2015 Estimated sale (revenue) is 95. Assuming we're forecasting...

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Finance

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Use Exhibit 5.1 and assume the 2015 Estimated sale (revenue) is 95. Assuming we're forecasting using the percentage of sale approach and 2013 operating margin data, estimate 2015 Operating Expense, Round to 2 decimal places. TABLE 5.1 | Most profitable and least profitable U.S. industries: 2005-2014. Median Firm ROA Least Profitable Industries Median Firm ROA Most Profitable Industries Tobacco Products Building Materials, Retail Leather and Leather Products Apparel and Accessory Stores Apparel 18% 16% 13% 11% 10% Chemicals and Allied Products Metal Mining Mining and Quarrying Building Construction Oil and Gas Extraction -25% -14% -4% -2% - 1%

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