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Waverly Shoes expects to have sales of $42,000 in August and $40,000 in September. Their cost of goods sold is usually 70% of their sales.

Waverly Shoes expects to have sales of $42,000 in August and $40,000 in September. Their cost of goods sold is usually 70% of their sales. If they plan to purchase $29,232 in August, what percent of their next month's inventory do they plan to keep in stock? Select answer from the options below 8% 14% 10% 12%

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