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Fabulous Dresses sold $225,000 of inventory to customers for $490,000 cash during May. What effect will this event have on Fabulous Dresses return on sales
Fabulous Dresses sold $225,000 of inventory to customers for $490,000 cash during May. What effect will this event have on Fabulous Dresses return on sales (ROS) and on total assets?
A. ROS and total assets will decrease
B. ROS will increase and total assets will decrease
C. ROS and total assets will increase
D. ROS will decrease and total assets will increase
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