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Kindly show calculations Dollarama is the leading dollar store operator in Canada with over 700 locations in all provinces. In a recent year, the company
Kindly show calculations
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 $210.0 million and an inventory turnover ratio of 4.20. Average total fixed assets were $138.0 million, and the fixed asset turnover ratio was 8.50. 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 millionStep by Step Solution
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