Two fi nancial ratios that clearly distinguish a discount chain such as Kmart from a high-end retailer
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Two fi nancial ratios that clearly distinguish a discount chain such as Kmart from a high-end retailer such as Saks Fifth Avenue are the gross profi t percentage and the rate of inventory turnover. Which set of relationships is most likely for Saks Fifth Avenue?
Gross profi t percentage Inventory turnover
a. High Low
b. High High
c. Low Low
d. Low High
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Related Book For 
Financial Accounting International Financial Reporting Standards
ISBN: 9780273777809
1st Global Edition
Authors: Walter T Harrison, Charles Horngren, Bill Thomas, Themin Suwardy
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