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QUESTION 1: Lowry Inc. has sales of $99 thousand this year and cost of goods...

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Finance

QUESTION 1: Lowry Inc. has sales of $99 thousand this year and cost of goods sold of $22 thousand. You forecast sales to increase by 39% next year. Using the percent of sales method, what is next year's cost of goods sold? Round to 2 decimals. Answer in dollars, for example if the answer is $45 thousand write 45000 not 45

QUESTION 2: Ladders, Inc. has a net profit margin of 12% on sales of 63 million. It has a book value of equity of $46 million and total book liabilities of $31million. What is Ladders' return on equity? Answer in decimals not as a percent up to 2 decimal places. For example, if the answer is 10% put in 0.10 in the answer box.

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