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Pip Corporation uses horizontal analysis to compare its income statement from year to year. Pip Corporation reported the following data last year as well as
Pip Corporation uses horizontal analysis to compare its income statement from year to year. Pip Corporation reported the following data last year as well as the percent change when compared to the current year: Total Last Year % Change in Current Year Sales Revenue $850,000 10.00% Cost of Goods Sold $120,000 1.0% Gross Profit $730,000 What is the Sales Revenue in the current year? O A. $850,000 O B. $765,000 O C. $85,000 O D. $935,000
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