Fabulous Dresses sold $225,000 of inventory to customers for $490,000 cash during May. The profit...
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Fabulous Dresses sold $ of inventory to customers for $ cash during May. The profit margin PM for April was What effect will this event have on Fabulous DressesPM and on total assets? Group of answer choices PM and total assets will increase. PM and total assets will decrease. PM will increase and total assets will decrease. PM will decrease and total assets will increase.
Fabulous Dresses sold $ of inventory to customers for $ cash during May. The profit margin PM for April was What effect will this event have on Fabulous DressesPM and on total assets?
Group of answer choices
PM and total assets will increase.
PM and total assets will decrease.
PM will increase and total assets will decrease.
PM will decrease and total assets will increase.
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