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For a company the inventory turnover ratio is 4. It charges a markup of 18% on its merchandise. Its entire sales operations is on borrwed
For a company the inventory turnover ratio is 4. It charges a markup of 18% on its merchandise. Its entire sales operations is on borrwed capital on which it pays an annual interest arte of 26 %. All sales are cash. Its net annual profit (on COGS) after paying interest on loan = %
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