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A company has recently reported $1200,000 sales and its Gross profit margin is 20%. Company reported other information as under: Opening inventory Ending inventory
A company has recently reported $1200,000 sales and its Gross profit margin is 20%. Company reported other information as under: Opening inventory Ending inventory Average investment in accounts receivable Required: Calculate the following ratios for Unilever: a) Inventory Turnover b) Inventory Turnover in days c) Average Collection Period $ 60,000 $ 40,000 $ 40,000 10 MARKS 10 MARKS 10 MARKS
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Income Tax Fundamentals 2013
Authors: Gerald E. Whittenburg, Martha Altus Buller, Steven L Gill
31st Edition
1111972516, 978-1285586618, 1285586611, 978-1285613109, 978-1111972516
