Cambridge Company reported 2017 net sales of $2,197,600 and a gross profit margin (in percentage terms) of 36%. The company anticipates that sales will increase by 2% in 2018 but that the gross profit margin will be the same as 2017.
Forecast the company's 2018 cost of sales.

Question

Cambridge Company reported 2017 net sales of $2,197,600 and a gross profit margin (in percentage terms) of 36%. The company anticipates that sales will increase by 2% in 2018 but that the gross profit margin will be the same as 2017. 
Forecast the company's 2018 cost of sales.

Quizplus · Accepted Answer

The Answer of Cambridge Company reported 2017 net sales of $2,197,600 and a gross profit margin (in percentage terms) of 36%. The company anticipates that sales will increase by 2% in 2018 but that the gross profit margin will be the same as 2017. 
Forecast the company's 2018 cost of sales.

Cambridge Company Reported 2017 Net Sales of $2,197,600 and a Gross