following information is available for Zoes Activewear Inc. for three recent fiscal years. Instructions a. Calculate the

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following information is available for Zoe’s Activewear Inc. for three recent fiscal years.image



Instructionsa. Calculate the inventory turnover, days in inventory, and gross profit rate for 2025 and 2024.b. Based on the ratios calculated in part (a), did Zoe’s liquidity and profitability improve or deteriorate in 2025?

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Accounting Tools For Business Decision Making

ISBN: 9781119791058

8th Edition

Authors: Paul D. Kimmel,  Jerry J. Weygandt,  Jill E. Mitchell

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