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N Ltd has average inventories of $64,192 and annual sales of $401,200. N Ltds gross profit margin is 60%. Calculate N Ltds inventory turnover. The
N Ltd has average inventories of $64,192 and annual sales of $401,200. N Ltds gross profit margin is 60%.
- Calculate N Ltds inventory turnover.
- The industrys inventory turnover is three times. Determine the savings in working capital that N Ltd can achieve by reducing its inventory levels to match the industry turnover ratio.
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Management Of Islamic Finance
Authors: M. Kabir Hassan, Mamunur Rashid
1st Edition
1787564045, 978-1787564046
