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4.22. Dale Enterprises has sales of $945,000, a gross profit margin of 0.279 and inventory of $202,000. What is the company's inventory turnover ratio? Solution:

4.22. Dale Enterprises has sales of $945,000, a gross profit margin of 0.279 and inventory of $202,000. What is the company's inventory turnover ratio? Solution: Sales= $945,000.00 Gross Profit Margin= 0.279 Inventory=$202,000.00

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