Efficiency ratio: Bummel and Strand Corp. has a gross profit margin of 33.7 percent, sales of $47,112,365,

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Efficiency ratio: Bummel and Strand Corp. has a gross profit margin of 33.7 percent, sales of $47,112,365, and inventory of

$14,595,435. What is its inventory turnover ratio?

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Fundamentals Of Corporate Finance

ISBN: 9781119795438

5th Edition

Authors: Robert Parrino, David S. Kidwell, Thomas W. Bates

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