Convert the dollar figures for vent molded plastics into

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Reference no: EM13477212

Revenue and expense data for Vent Molded Plastics and for the plastics industry as a whole follow:


Vent Molded Plastics

Plastics Industry

Sales

$462,000      

100.3%      

Sales returns

4,500      

0.3      

Cost of goods sold

330,000      

67.1      

Selling expenses

43,000      

10.1      

General expenses

32,000      

7.9      

Other income

1,800      

0.4      

Other expense

7,000      

1.3      

Income tax

22,000      

5.5      

Required: Convert the dollar figures for Vent Molded Plastics into percentages based on net sales. Compare these with the industry average, and comment on your findings.

Reference no: EM13477212

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