Dollarama is the leading dollar store operator in Canada with over 600 locations in all provinces. In

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Dollarama is the leading dollar store operator in Canada with over 600 locations in all provinces. In a recent year, the company reported average inventories of \(\$ 242.1\) million and an inventory turnover of 3.35. Average total fixed assets were \(\$ 134.0\) million, and the fixed asset turnover ratio was 9.35 . Determine the gross margin for Dollarama.

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Financial Accounting

ISBN: 9780070001497

4th Canadian Edition

Authors: Patricia A. Libby, Daniel Short, George Kanaan, Maureen Libby Gowing, Robert Libby

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