13) Flingers Inc. reveals the following information in their annual report for FY 2014 s and Expenses $10,000,000 $5,000,000 $500,000 Sales Cost of goods sold Pretax earnings Selected Balance Sheet Items Merchandise inventory S80,000 $2.000,000 otal assets Upper management plans to cut cost of goods sold by 5% for the coming year but retain the same sales. What will Flingers profit leverage effect be for 2015? A) $13.33 B) S14.71 C) $17.50 D) $18.50 Page 3 of 51268 words T