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Case 2. Identify several strategies for doubling net income

Case 2. Identify several strategies for doubling net income
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ACCOUNTING
Accounting 7th Edition by Horngren, Harrison and Bamber
Case 2: Making inventory decisions
Case 2. Suppose you own Campbell Appliance. The store’s summarized financial statements for 2008, the most recent year, follow: Assume that you need to double net income. To accomplish your goal, it will be very difficult to raise the prices you charge because there is a Best Buy nearby. Also, you have little control over your cost of goods sold because the appliance manufacturers set the price you must pay. Identify several strategies for doubling net income. (Challenge)

 

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