Question
1a) Suppose a company spends $100 buying raw materials in January. It turns these raw materials into finish products worth $250 in February. And it
1a) Suppose a company spends $100 buying raw materials in January. It turns these raw materials into finish products worth $250 in February. And it sells all $250 worth of these finished products in March.
What was the change in the value of the company's balance sheet in January (in dollars)?
1b.
Suppose a company spends $100 buying raw materials in January. It turns these raw materials into finish products worth $250 in February. And it sells all $250 worth of these finished products in March.
What was the change in the value of the company's balance sheet in February (in dollars)?
1c.
Suppose a company spends $100 buying raw materials in January. It turns these raw materials into finish products worth $250 in February. And it sells all $250 worth of these finished products in March.
What was the change in the value of the company's balance sheet in March (in dollars)?
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