Abby Corporation has net sales of $32,000. At the beginning of the year, it had $11,000 in
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Abby Corporation has net sales of $32,000. At the beginning of the year, it had $11,000 in inventory at retail value. At the end of the year, inventory at retail value was $8,900.
a. What is Abby Corporations inventory turnover ratio at Retail value ?
b. What are financial ratios?
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