In the private-label operating benchmarks section on p. 7 of each issue of the FIR, the industry- low, industry-average, and industry-high benchmarks for the margins over direct costs (as explained in the Help section for this same page) should be interpreted as representing Copyright @ by Glo-Bus Software, Inc. Copying, distributing, or 3rd party website posting isexpressly prohibited and, constitutes copyright violation. O free cash flow, to be used as the selling company sees fit. O cash that can be used to pay bank loans or increase dividend payments or be deposited in the company's retained earnings (to strengthen the company's balance sheet and credit rating). O money available to add to the seller's retained earnings account. O how much sellers of private-label footwear received over and above the costs per pair sold; these margins, if positive, serve to improve a seller's operating profit in the designated region. O the net profit earned (or lost -- in the case of a negative number) on each pair of private-label footwear supplied to a given region's chain retailers. Copying, redistributing, or website posting is expressly prohibited and constitutes copyright violation. Version 1750610 *** Copyright @ 2022 by Glo-Bus Software, Inc