Question
Cullumber Corp. has a gross profit margin of 40.00 percent, sales of $39,000,000, and inventory of $15,600,000. What is its inventory turnover ratio? (Round answer
Cullumber Corp. has a gross profit margin of 40.00 percent, sales of $39,000,000, and inventory of $15,600,000. What is its inventory turnover ratio? (Round answer to 2 decimal places, e.g. 15.25.)
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Global Banking
Authors: Roy C Smith, Ingo Walter, Gayle DeLong
3rd Edition
0195335937, 9780195335934
