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Beach Wear has cost of goods sold equal to 12% of revenue. In 2017 the firm had $2,500,000 in revenue and inventory of $70,000. In
Beach Wear has cost of goods sold equal to 12% of revenue. In 2017 the firm had $2,500,000 in revenue and inventory of $70,000. In 2018 the firm had $3,000,000 in revenue and $87,000 of inventory. Which of the following is correct?
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