Skippy, Inc. includes the information below in its annual report for FY 2022

Income Statement Items

Sales	$25,000,000
Cost of goods sold	$15,000,000
Pretax earnings	$2,500,000
Selected Balance Sheet Items
Merchandise inventory	$1,250,000
Total assets	$4,000,000

Management plans to cut cost of goods sold by 10% for the upcoming year while retaining the same sales. What will Skippys profit leverage effect be for FY 2023? (Select the closest answer to your calculation of profit leverage).

Group of answer choices

$4.50

$10.00

$6.25

$2.25