Question
Bob Gibson's sales for the year is RM311,400, cost of goods sold equal to 78 percent of sales, and an average inventory of RM42,800. The
Bob Gibson's sales for the year is RM311,400, cost of goods sold equal to 78 percent
of sales, and an average inventory of RM42,800. The profit margin is 6 percent and
the tax rate is 35 percent. How many days on average does it take the firm to sell an
inventory item?
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Derivatives Markets
Authors: Robert McDonald
3rd Edition
978-9332536746, 9789332536746
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