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1 ) A grocer would have higher inventory turnover compared with a jewelry store. A jeweler would be expected to have higher profit margins. (
A grocer would have higher inventory turnover compared with a jewelry store. A jeweler would be expected to have higher profit margins.
a Which indicates that a grocer would be more profitable
b Which indicates that a jeweler would be more profitable
c If we multiply asset turnover by profit margin, it equals return on assets, which would tell us which is more profitable
d none of these are true
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