1. Business
  2. Accounting
  3. earnings and expense 10000000 sales cost of goods sold 5000000...

Question: earnings and expense 10000000 sales cost of goods sold 5000000...

Question details
earnings and expense $10,000,000
sales
cost of goods sold $5,000,000
pretax earning $500,000
selected balance sheet items
Merchandise inventory $80,000
Total assets $2,000,000

Flingers Inc. reveals the following information in their annual report for FY 2014.

Every dollar Flingers saves in purchasing has the same impact as what amount of increased​ sales?

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