C compute the predicted 2007 operating income for procter, Ask an Expert

Accounting

In 2006 Procter & Gamble had net sales of $68,222 and cost of product sold was 33,125. Assume that Procter & Gamble
had a 10% increase in sales in 2007 and that there was no change in costs except for increases associated with the higher volume of sales. C compute the predicted 2007 operating income for Procter & Gamble and its percentage increase. describe why the percentage increase in income differs from the percentage increase in sales.

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Accounting Basics, Accounting

Category:- Accounting Basics
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