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Admiral Company and Corporal, Inc., compete against each other in general merchandise retailing, gas stations, pharmacies, and optical centers. Below is selected financial information for
Admiral Company and Corporal, Inc., compete against each other in general merchandise retailing, gas stations, pharmacies, and optical centers. Below is selected financial information for both companies from a recent year's financial statements (in millions) a. Determine for both companies (1) the inventory turnover and (2) the days' sales in inventory. Round to one decimal place. b. All of the following are true of Admiral's strategy except
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