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E6-24A (book/static) Question Help Refer to the data given (Click the icon to view the data.) Read the requirements Requirement 1. Compute all ratio values

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E6-24A (book/static) Question Help Refer to the 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 percentage? Which company has the highest and which has the lowest rate of inventory tumaver? Let's calculate the gross profit percentage and inventory tumover for each company. (Round the inventory tumove rates to one decimal place, XX, and the gross profit percentage to the nearest bonth percent. XX%. Do not enter the sign in the gross profit percentage input fields.) Gross Profit Inventory Company Percentage Turnover Sutherland Requirements Reference - 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 tumover? 2. Based on your figures, which company appears to be the most profitable? Company Sutherland Crossen Williams Scott Net Sales 5 100,000 125,000 96.000 38.000 Beginning Inventory 20,000 28.000 26.000 7.000 Net Ending Cost of Goods Gross Purchases Inventory sold Profit 50,000 16.000 63,000 37.000 00.000 45,000 73,000 52.000 52.000 20,000 60,000 36.000 29.000 3,000 33.000 55.000 Print Done

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