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Based on the following financial statements, calculate the ratios below: Calculate and input answer as indicated: Gross Profit Margin = Gross Profit / Net Sales

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Based on the following financial statements, calculate the ratios below: Calculate and input answer as indicated: Gross Profit Margin = Gross Profit / Net Sales (round final answer to 2 decimal places): AR Turnover Ratio = Net Sales / Average Accounts Receivable (round final answer to 2 decimal places): Average Collection Period =365 / AR Turnover Ratio (round final answer to the nearest WHOLE day): Inventory Turnover Ratio = Cost of Goods Sold / Average Inventory: (round final answer to 2 decimal places): Average Days in Inventory = 365 / Inventory Turnover Ratio: (round final answer to the nearest WHOLE day)

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