Question Help Flingers Inc. reveals the following information in their annual report for FY 2017. Ea

Question Help Flingers Inc. reveals the following information in their annual report for FY 2017. Earnings and Expenses Sales

Question Help Flingers Inc. reveals the following information in their annual report for FY 2017. Earnings and Expenses Sales Cost of goods sold Pretax earnings $10,000,000 $5,000,000 $500,000 Selected Balance Sheet Items Merchandise inventory Total assets $80,000 $2,000,000 Upper management plans to cut cost of goods sold by 5% for the coming year but retain the same sales. What will Flingers' profit margin be for 2018? O A. 11% OB. 9% O C. 7.5% OD. 5%

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