Create a new sheet for year by copying the sheet

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In 2018, Amalgamated Hat Company decided to invest $500,000 in inventory to support a new product launch. Now only is there an increase in $500,000 in inventory (above 2017 number), there is also an increase of $500,000 in accounts payable to vendors, which keeps the balance sheet in balance. Although there was an increase in retail sales to $2,300,000, overall the investment didn't hit expectations. Cost of sales increased by $100,000.

Problem 1: Create a new sheet for Year 2018 (current sheet is 2017), by copying the sheet the formulas will be protected, to see how the following ratios are impacted year over year.

Reference no: EM133001963

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