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Below is a selection of information concerning Arc Inc. Net income for the year: $100,000 Gross profit ratio: 40% Return on Sales: 16% Inventory turnover:
Below is a selection of information concerning Arc Inc.
- Net income for the year: $100,000
- Gross profit ratio: 40%
- Return on Sales: 16%
- Inventory turnover: 2.5
What is the company's average inventory?
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Accounting What The Numbers Mean
Authors: David Marshall, Wayne McManus, Daniel Viele
10th Edition
77729870, 9780077729875
