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HW Chapter 7 0 Saved Help Save 8: Exit Submit 5 16.7 points eBook Prin'. Reerences Parker Products, Incorporated is a manufacturer whose absorption costing

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HW Chapter 7 0 Saved Help Save 8: Exit Submit 5 16.7 points eBook Prin'. Re\"erences Parker Products, Incorporated is a manufacturer whose absorption costing income statement reported sales of $123 million and a net operating loss of $18 million. According to a CVP analysis prepared for management, the company's breakeven point is $115 million in sales. Required: Assuming that the CVP analysis is correct, is it likely that the compa ny's inventory level increased, decreased, or remained unchanged during the year? 0 Increased Decreased O Remained unchanged

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