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Suppose that as a result of inflationary pressures in the economy, the cost of goods sold ratio increases to .85. What is the cash surplus/deficit
Suppose that as a result of inflationary pressures in the economy, the cost of goods sold ratio increases to .85. What is the cash surplus/deficit for the month of November?
a. surplus of $45,000
b. deficit of $42,500
c. deficit of $2,500
d. None of the options.
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