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data given. (Click the icon to view the data.) Read the requirements. Requirement 1. Compute all ratio values to answer the following questions: . Which
data given. (Click the icon to view the data.) Read the requirements. Requirement 1. Compute all ratio values to answer the following questions: . Which company has the highest and which company has the lowest gross profit percentag? Which company has the highest and which has the lowest rate of inventory turnover? Let's calculate the gross profit percentage and inventory turnover for each company. (Round the inventory turnover rates to one decimal place, XX, and the gross profit percentage to the nearest tenth percent, XX%. Do not enter the % sign in the gross profit percentage input fields.) Gross Profit Inventory Company Fisher Evans Percentage Turnover % % Breen % Ugino % ACC 231 Uses of Accounting Information I Summer A 2022 Reference Save Company Net Sales Beginning Inventory Net Ending Cost of Gross Purchases Inventory Goods sold Profit Fisher $ 107,000 $ 22,000 $ 62,000 $ 16,000 $ 68,000 $ 39,000 Evans 139,000 35,000 95,000 37,000 93,000 46,000 Breen 96,000 28,000 56,000 23,000 61,000 35,000 Ugino 84,000 14,000 31,000 12,000 33,000 51,000 Requirements Print Done 1. Compute all ratio values to answer the following questions: Which company has the highest and which company has the lowest gross profit percentage? Which company has the highest and which has the lowest rate of inventory turnover? 2. Based on your figures, which company appears to be the most profitable? Print Done rates h in the -X Check answe
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