The income statements for Infonext Corporation for 2007 and 2008 are provided below:
-Refer to the information above. Assume that sales will grow in 2009 at the same rate as last year and that cost of goods sold will vary directly with sales. Project the 2009 sales and cost of
Goods sold for Infonext Corporation.

Question

The income statements for Infonext Corporation for 2007 and 2008 are provided below:  
-Refer to the information above. Assume that sales will grow in 2009 at the same rate as last year and that cost of goods sold will vary directly with sales. Project the 2009 sales and cost of
Goods sold for Infonext Corporation.

Quizplus · Accepted Answer

The sales growth rate and the direct variation of cost of goods sold with sales are used to project the 2009 figures.

The Income Statements for Infonext Corporation for 2007 and 2008