Complete the following table: Calculate the % change from 2012 to 2013 for reven

Question

Complete the following table:

Calculate the % change from 2012 to 2013 for revenue and cost of goods sold

Calculate the gross margin and gross margin % for 2012 and 2013

Create a 2014 estimate assuming an 5.5% increase in revenue and a gross margin % of 36.25%

2014 Estimate

2013 Actual

2012 Actual

% Change (12-13)

Revenue

13,110

17.98%

Cost of Goods Sold

Gross Margin

5,468

Gross Margin %

34.77%

2014 Estimate

2013 Actual

2012 Actual

% Change (12-13)

Revenue

13,110

17.98%

Cost of Goods Sold

Gross Margin

5,468

Gross Margin %

34.77%

Explanation / Answer

2014 Estimate 2013 Actual 2012 Actual % Change (12-13) Revenue $    16,317.87 $    15,467.18 $    13,110.00 17.98% Cost of Goods Sold $    13,623.88 $      9,999.18 $      8,551.65 16.93% Gross Margin $      2,693.99 $      5,468.00 $      4,558.35 19.96% Gross Margin % 16.51% 35.35% 34.77%

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