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Refer to the data given (Click the icon to view the data) Read the requirements Requirement 1. Compute all ratio values to answer the following
Refer to the data given (Click the icon to view the data) Read the requirements Requirement 1. Compute all ratio values to answer the following questions Which company has the highest and which company has the lowest gross profit percentage? Which company has the highest and which has the lowest rate of inventory turnover? Let's calculate the gross profit percentage and inventory turnover for each company (Round the inventory turnover rates to one decimal place, XX, and the gross profit petcontage to the nearest torth percent-XX% Do not enter the sign in the gross profd percentage input fields.) Inventory Company Percentage Turnover Sutherland Requirements Gross Profit Crossen Williams Scott 1. Compute all ratio values to answer the following questions. Which company has the highest and which company has the lowest gross profit percentage? Which company has the highest and which has the lowest rate of inventory turnover? 2. Based on your figures, which company appears to be the most profitable? - Reference Company Sutherland Crossen Williams Beginning Net Ending Cost of Goods Gross Net Sales Inventory Purchases Inventory sold Profit $ 100,000 $ 20,000 $ 59,000 $ 16,000 $ 63,000 $ 37,000 125,000 28,000 90,000 45,000 73,000 52,000 96,000 28,000 52,000 20,000 60,000 36,000 88,000 7,000 29,000 3,000 33,000 55.000 Scott
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