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Vendor A This Year Plan Last year ...

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Question

Finance

Vendor A

This Year

Plan

Last year

Net Sales $

$51,000

$50,000

$48,000

COGS $

Gross Margin $

$18,564

$19,100

$18,336

Gross Margin %

Vendor B

This Year

Plan

Last Year

Net Sales $

$51,500

$49,200

$51,500

COGS $

Gross Margin $

$19,570

$18,718

$18,849

Gross Margin %

  1. Calculate the sales percent for This Year versus Plan and This Year versus Last Year.

  2. Calculate the cost of goods in dollars for This Year, Plan, and Last Year.

  3. Calculate the gross margin percentage for This Year, Plan, and Last Year.

  4. Calculate the gross margin dollar percentage change for This Year versus Plan and This Year versus Last Year.

  5. After analyzing the above data, which vendors met their planned sales and gross margin in both dollars and percentage? For the vendors that did not achieve their sales and gross margin plan, what actions can a buyer take in order to achieve the plan?

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