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McKinnon Grocers expects to have sales of $800,000 in September and $810,000 in October. Their cost of goods sold is usually 65% of their sales.
McKinnon Grocers expects to have sales of $800,000 in September and $810,000 in October. Their cost of goods sold is usually 65% of their sales. If they plan to purchase $520,520 in September, what percent of their next month's inventory do they plan to keep in stock? Select answer from the options below 8% 10% 12% 6%
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