22、equation:Profit = CM ratio Sales Fixed expensesProfit = 40% $250,000 $80,000Profit = $100,000 $80,000Profit = $20,000If Racing Bicycle increased its sales volume to 500 bikes, what would management expect profit or net operating income to be?31Learning Objective 4Show the effects ...
These include asset growth (i.e., the percentage change in total assets) and operating income growth (i.e., the percentage change in operating income after depreciation). To measure the size of the firm, we use log sales over the prior three months, with sales...