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Presented are the income statements of Little Dipper and Big Dipper telescope manufacturers for the current year: Little Dipper Big Dipper Net sales revenue COGS
Presented are the income statements of Little Dipper and Big Dipper telescope manufacturers for the current year: Little Dipper Big Dipper Net sales revenue COGS Gross Profit Selling/Gen Expenses Income from operations Income tax expense Net Income $487,000 300,400 186,600 20.300 166,300 17.100 $149,200 100.00% 61.68% 38.32% 4.17% 34.15% 3.51% 30.64% $500,000 395,000 105,000 50.000 55,000 16.500 $38,500 100.00% 79.00% 21.00% 10.00% 11.00% 3.30% 7.70% Which company has the best inventory turnover rate? OA. Both have the same rate B. Impossible to determine O C. Little Dipper O D. Big Dipper
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