Texas Waterfront Art sold $3,200 of inventory to customers for $4,000 cash during December. For...

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Accounting

Texas Waterfront Art sold $3,200 of inventory to customers for $4,000 cash during December. For the first eleven months of the year, the companys ROS was 47 percent.
What effect will the December events have on the company's return on sales (ROS) and on total assets?

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