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Question 6 Incomplete answer Marked out of 4.50 Flag question Zara Inc., had sales totaling $20000000 in fiscal year 2020. Some ratios for the
Question 6 Incomplete answer Marked out of 4.50 Flag question Zara Inc., had sales totaling $20000000 in fiscal year 2020. Some ratios for the company are listed below. Use this information to calculate the dollar values of different income statement and balance sheet accounts. Zara Inc. Year ended December 31, 2020 Gross profit margin 0.7 Operating Profit margin 0.35 Net profit margin 0.08 Debt ratio 0.35 Current ratio 2 Total asset turnover 2.5 Average collection period 60 What is the company's gross profit? 14000000 1:16
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