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Walkers Enterprises reported the following information for 2018: $ 32,000 404,000 45,000 28,000 750,000 220,000 765,000 Beginning inventory Cost of goods sold Ending inventory

  

Walkers Enterprises reported the following information for 2018: $ 32,000 404,000 45,000 28,000 750,000 220,000 765,000 Beginning inventory Cost of goods sold Ending inventory Net income Net sales Operating expenses Sales revenue Instructions: Compute each of the following ratios: (1) Gross profit rate (2) Inventory turnover (3) Days in inventory (4) Profit margin

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Gross profit rate 46 Inventory turnover 1049 Days in inventory Profit margin 35 days 37 ... blur-text-image

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