Question: I need typed answer with explanation don't use chatgpt to answer. Give me a proper step by step explanation I will thumb up. In 2003,

I need typed answer with explanation don't use chatgpt to answer. Give me a proper step by step explanation I will thumb up.

In 2003, Bristol-Myers Squibb announced that it had to restate its F/S as a result of "channel stuffing" $3.35B of products into wholesalers' warehouses from 1999-2001. The firm's sales and COGS during this period were: 2001 2000 1999 Net sales $18,139B $17,695B $16,502B Cost of products sold 5,454B 4,729B 4,458B The firm's marginal tax rate during the three years was 35%. Explain the distortion that this channel

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