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Poppy, Inc. has current sales of $30,000 and a profit margin of 5.5%. Poppy estimates that sales will decrease by 8% next year and that
Poppy, Inc. has current sales of $30,000 and a profit margin of 5.5%. Poppy estimates that sales will decrease by 8% next year and that all costs will vary in direct relation to sales. What is Poppys next years pro-forma net income?
a. $1,782
b. $1,650
c. $2,400
d. $1,518
e. More information is needed to answer the question
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