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RBI Inc. reported these figures for its fiscal year (amounts in millions) Net sales.... S 1,600 Ending inventory 330 Suppose RBI later learns that ending
RBI Inc. reported these figures for its fiscal year (amounts in millions) Net sales.... S 1,600 Ending inventory 330 Suppose RBI later learns that ending inventory was overstated by $12 million. What are the correct amounts for (a) net sales, (b) ending inventory, (c) cost of goods sold, and (d) gross profit
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