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Flingers Inc. reveals the following information in their annual report for FY 2017. Earnings and Expenses Sales Cost of goods sold Pretax earnings $10,000,000 $5,000,000
Flingers Inc. reveals the following information in their annual report for FY 2017. Earnings and Expenses Sales Cost of goods sold Pretax earnings $10,000,000 $5,000,000 $500,000 Selected Balance Sheet Items Merchandise inventory $80,000 $2,000,000 Total assets Every dollar Flingers saves in purchasing has the same impact as what amount of increased sales? O A. $17 O B. $14 O c. $20 OD. $10
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