问题如下:
3. Using the financial results for 2012 shown in Exhibit 2, it would be most appropriate for Larsted to conclude that economies of scale for firms in the home improvements retail sector:
选项: do not exist.
exist and are realized in cost of goods sold only.
C.exist and are realized in both cost of goods sold and SG&A.
解释:
3.B Retail, Inc., operating margin 2012
Midsize, Inc., operating margin 2012 598/8,488=7.0%
Retail,Inc.,is a bigger firm and has a larger operating margin, suggesting that economies of scale are more likely to exist.
Retailer COGS as a %of Revenue 2012
Midsize COGS as a %of Revenue 2012
Retailer SG&A as a %of Revenue 2012
Midsize SG&A as a%of Revenue 2012
Analysis of the expense ratios shows that the economies of scale are realized in COGS rather than in SG&A.
这道题为啥不从不同年份公司自己的数据进行对比呢?