A jeans company is pursuing a low-cost strategy and has achieved a position in which it is the lowest-cost manufacturer of denim products. One of the ways the company can achieve a competitive advantage against its rivals is to:a. undercut them in a price war to increase volumes and drive weaker low cost rivals out of business.
b. add features and cost to the jeans to compete with higher priced differentiated brands.
c. build brand loyalty through an intense marketing and media blitz.
d. focus on selling a wide variety of jean styles and colors to appeal to different market segments.

Exercise 4-9presented below is information related to martinez corp. for the year 2017.net sales $1,399,500 write-off of inventory due to obsolescence $80,440cost of goods sold 788,200 depreciation expense omitted by accident in 2016 43,600selling expenses 65,800 casualty loss 53,900administrative expenses 53,500 cash dividends declared 43,300dividend revenue 22,100 retained earnings at december 31, 2016 1,042,400interest revenue 7,420 effective tax rate of 34% on all items exercise 4-9 presented below is information relateexercise 4-9 presented below is information relate prepare a multiple-step income statement for 2017. assume that 61,500 shares of common stock are outstanding. (round earnings per share to 2 decimal places, e. g. 1.49.)prepare a separate retained earnings statement for 2017. (list items that increase retained earnings first.)