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1. During the current year, Beverly Industries reports an inventory turnover of 10 times, a gross profit margin of 30%, a net profit margin of
1. During the current year, Beverly Industries reports an inventory turnover of 10 times, a gross profit margin of 30%, a net profit margin of 4%, and average inventory of $21,000.
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Financial Reporting And Analysis Using Financial Accounting Information
Authors: Charles H Gibson
12th Edition
1439080607, 978-1439080603
