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Dollarama is the leading dollar store operator in Canada with over 700 locations in all provinces. In a recent year, the company reported average inventories
Dollarama is the leading dollar store operator in Canada with over 700 locations in all provinces. In a recent year, the company reported average inventories of $235.0 million and an inventory turnover ratio of 3.40. Average total fixed assets were $140.0 million, and the fixed asset turnover ratio was 7.85. Required: Determine the gross profit for Dollarama. (Do not round intermediate calculations. Enter your answer in millions of dollars and rounded to 2 decimal places.) Gross profit million
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