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Business, 01.03.2021 23:50 xmhllo

Ralph's Supply Company sold 370 thousand units last year at a price of $25.00 each. Their gross margin was 40%. Their projections for the price will fall by 10%, and the gross margin will be 35%. There is a 60% probability of a normal year with a 5% growth in sales, a 2% growth in price, and a gross margin of 40%. They project a 25% probability of a boom year with a 10% growth in sales, a 12% growth is sales price, and a gross margin of 45%. What are the expected sales revenue, COGS, and gross profit for next year in thousands of dollars

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Ralph's Supply Company sold 370 thousand units last year at a price of $25.00 each. Their gross marg...
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