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Company XYZhad a total revenue of $61,545,000and the cost of goods sold of $19,450,000at the end of the last year.In the same year, the company
Company XYZhad a total revenue of $61,545,000and the cost of goods sold of $19,450,000at the end of the last year.In the same year, the company had an average inventory cost of $15,312,000. Calculate Company XYZ's GMROI last year.
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