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Dollar General Corporation operates general merchandise stores that feature quality merchandise at low prices to meet the needs of middle-, low-, and fixed-income families. All
Dollar General Corporation operates general merchandise stores that feature quality merchandise at low prices to meet the needs of middle-, low-, and fixed-income families. All stores are located in the United States, predominantly in small towns in 24 midwestern and southeastern states. In a recent year, the company reported average inventories of $1,457,114,000 and an inventory turnover ratio of 3.6. Average total fixed assets were $1,218,674,000 and the fixed asset turnover ratio was 7.5. Determine the gross profit for Dollar General Gross profit
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