Inventory at the end of 2022 was $1,400. (a) Calculate the inventory tumover ratio, days...
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Accounting
Inventory at the end of 2022 was $1,400. (a) Calculate the inventory tumover ratio, days in inventory, and gross profit margin for 2023, 2024, and 2025. (Round inventory turnover rotio and gross profit margin answers to 1 decimal place, eg. 15.2. Round inventory turnover days to the nearest day, es. 15 days. Use 365 days for calculation)
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